Noble Energy-led coalition commences drilling off Israel's coast

10/19/2010 | Reuters

A Noble Energy-led group has started exploring the Leviathan natural gas site off of Israel's coast. The prospect contains estimated reserves of 16 trillion cubic feet of gas, according to Delek Drilling, and the project has a "50% geologic chance of success." Drilling, which will take about five months, is expected to hit a depth of about 4.5 miles.

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