Development plan for Israel’s Noa North gas field approved

The Yam Thetis consortium has approved the $212 million budget and development programme for the Noa North gas field, located 25 km off the coast of Israel. Commercial production at the gas field is due to start in September 2012.

The Noa field has estimated gas reserves of 3.6 billion cubic metres, but two-thirds of the reserves are in the territorial waters of the Gaza Strip. The Petroleum Commissioner at the Ministry of National Infrastructure, Michael Gardosh, ordered on 13 June that Noble Energy, “limit the...