Offshore staff
TEL AVIV, Israel –Delek Group has provided a reserves update on Noble Energy’s Aphrodite gas discovery in block 12 offshore Cyprus.
Netherlands Sewell & Associates has compiled a new report based on analysis of the well data. Included are wireline logs (electrical, radioactive, magnetic, and seismic tests), lithological tests (cuttings and core), and composition and pressure tests of gases and fluids.
Some of the resources in the reservoir were proved by the A-1 well, and have therefore been classified as Contingent. Other resources in adjacent fault blocks were not proved-up and therefore remain Prospective.
The contingent natural gas resources (in billion cubic feet, or bcf) as of Jan. 31, 2012, are specified below:
| Target | Probability | Natural Gas | ||
| Sand C | Low Estimate | 225.5 | ||
| Best Estimate | 1150.6 | |||
| High Estimate | 1952.1 | |||
| Sand D1 | Low Estimate | 19.6 | ||
| Best Estimate | 232.8 | |||
| High Estimate | 467 | |||
| Sand D2 | Low Estimate | 243.2 | ||
| Best Estimate | 344 | |||
| High Estimate | 478.1 |
Delek says Noble will examine different scenarios for developing the Aphrodite reservoir, including integration with the development programs of adjacent reservoirs offshore Israel, such as theLeviathan field.
Bearing in mind the limited potential domestic gas market in Cyprus, the partners will examine the scope for construction of infrastructure facilities for export of Aphrodite’s gas.
3/9/2012
