The Atwood Advantage is drilling offshore from Israel, 100 kilometers west of Haifa, to increase gas production.
The floating drilling rig Atwood Advantage has reached Israel and yesterday began work on the drilling for Tamar 8 gas field off Israel’s coast. The Tamar 8 well will be drilled offshore 100 kilometers west of Haifa at a cost of $265 million. The work will take four months and when completed the Atwood Advantage may move on the drill the Leviathan 5 well.
The Atwood Advantage has a crew of 100 sailors and technical staff and is positioned precisely above the required location for drilling by special satellite equipment. The floating rig is also assisted by an unmanned submarine placed near the head of the well at a depth of 1.7 kilometers. The gas field itself is 3.5 kilometers from the seabed.
Tamar 8 will be the prospect’s sixth gas field.
Yossi Abu, CEO of Tamar partners¬†Avner Oil and Gas LP¬†(TASE:¬†AVNR.L) and¬†Delek Drilling LP¬†(TASE:¬†DEDR.L) said, “Tamar 8 is designed to create surpluses in the production system and allow maximum supply from the Tamar reservoir at times of peak demand due to the volume of production from the Tamar field and natural gas demand from the field. We are working to promote additional gas agreements in the domestic market and neighboring countries.”