The partners in the Tamar natural gas reservoir will invest $265 million in drilling Tamar 8 and constructing infrastructure.
The well will be drilled approximately 100km off shore, west of the Haifa coast. The drilling is scheduled to take place during the fourth quarter and will take a total of four months to connect it to the 282-billion-cubic-meter reservoir’s infrastructure.
At present, natural gas accounts for 60% of Israel’s power supply, with 98% of that gas coming from Tamar through a single pipeline. The field only provides gas to Israel, while Leviathan is expected to mostly serve the export market.
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