Exxon reportedly eyeing Israel gas bid in major Middle East
Apr 10, 2019 22:10:12 GMT -5
ccrc79 likes this
Post by Ethan / JRyan on Apr 10, 2019 22:10:12 GMT -5
Exxon reportedly eyeing Israel gas bid in major Middle East shift
I guess there would be none onshore right?
The political ramifications are huge, the exploration will move onshore as well. Look at this map closely from the Delek Post. It speaks for itself.
Until those discoveries, Israel was believed to be sitting on scant oil and gas reserves. There was little reason for energy firms to explore for energy in Israel and risk complicating operations and future investments in nearby Arab countries that hold some of the world’s largest energy reserves.
An Exxon team also visited a data center set up by the ministry in Jerusalem, the source said. That center holds detailed information about the geology of the sub-sea rocks, believed to hold up to 75 trillion cubic feet of gas and 6.6 billion barrels of oil, according to estimates.
I guess there would be none onshore right?
“We are just at the tip of the iceberg. … Israel and Cyprus are little countries, but they have a good chance to become exporters in the future,” Steinitz said during a panel discussion at CERAWeek. “It’s also important that we have the strong backing from the United States of America.”
The political ramifications are huge, the exploration will move onshore as well. Look at this map closely from the Delek Post. It speaks for itself.