Drilling on the South West Tamar prospect, offshore Israel, is due to start in the next two weeks, partners on the project have said.
Delek Group, a partner on the Noble Energy-operated project, said the exploration well at South West (SW) Tamar prospect, in the Tamar I/12 lease and Eran/353 license, had been approved.
It said a budget of US$122 million had been approved, excluding production tests.
Drilling is expected to start in the coming two weeks, after drilling and production tests are completed at Aphrodite A-2 in Cyprus, and last for about four months.
Delek said, according to a resources report prepared by Netherland Sewell and Associates, the best estimate of the undiscovered resources in SW Tamar prospect, amounted to 684BCF at a 90% probability of success.