Hydrocarbon Reserves of the Eastern Mediterranean

I would split this by country perhaps - and make use of BP statistical review to give overview for each country http://www.bp.com/sectionbodycopy.do?categoryId=7500&contentId=7068481

In December of 2004, Houston-based collective Noble Energy announced that it would begin production of Israel’s first offshore natural gas production facility in the Mari-B block located just southwest of Tel Aviv in Israel’s Exclusive Economic zone. Noble Energy began exploring the Levantine Basin for offshore natural gas deposits in 1998 and has made several important discoveries since. The February 2009 discovery of the Tamar field, located about 60 miles off the shore of Haifa, is estimated to contain 9 trillion cubic feet (tcf) of natural gas and was the largest deepwater natural gas discovery in the world that year. Shortly after the groundbreaking Tamar discovery, in December of 2010 Noble announced an even larger discovery which is located about 29 miles southwest of the Tamar block and which they named Leviathan after the biblical sea monster. It is estimated this field spans 125 square miles and contains 16 tcf of natural gas.

The most recent discoveries include Cyprus block-12, also referred to as the Aphrodite field, in late 2011 which is estimated to contain approximately 7 tcf of natural gas, and Tanin, discovered in early 2012 between the Tamar and Leviathan fields, with boasts an estimated gross mean resource of 1.2 tcf.

Together, the USGS calculates that the gas fields of the Eastern Mediterranean contain 345 tcf of natural gas and 3.4 billion barrels of oil, including explorations in the Aegean basin, Levant basin, and the Nile basin. To put this number into perspective, Russia's West Siberian Basin, the world’s largest known natural gas basin holds 643 tcf. Currently, Noble Energy operates Leviathan with a 39.66 percent working interest. Other interest owners are Delek Drilling and Avner Oil Exploration with 22.67 percent each and Ratio Oil Exploration with the remaining 15 percent. Noble also operates Tamar in the Matan license and Dalit in the Michal licenses with 36 percent working interests.

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