Project Profile
Location: 10 km, northwest of Tel Aviv, offshore Israel
Reserves: 110.1 MMbbl of contingent oil (gross unrisked basis)
Area: 392 sq. km
Water depth: 100 - 425 m
The Gabriella License is located approximately 10 kilometers northwest of Tel Aviv, in the waters offshore Israel. The block covers an area of approximately 392 square kilometers (97,000 acres) and is in water depths that range from 100 metres on the east side of the block to just over 425 meters on the southwest side of the block.
Yam Yafo-1 well was drilled in 90’s to 5,823m and tested 500 bpd oil (44-47 API). Technical and financial challenges prevented commercial production.
Gabriella Licence has expired , without a further extension being granted, due to the milestones in the work program not being achieved. (September, 2014)
Operators:
Adira: 10% working interest plus 15% back-in option from Modiin Energy upon discovery, at cost
Brownstone Energy: 15% interest
Modiin Energy: 70% interest
Contractors:
Netherland, Sewell & Associates: Feasibility study and resource estimate report
Noble Corporation: Drilling contract
WesternGeco MENA: Geophysical survey
CGG Veritas: Processing Data