Project Profile
Cost of phases 1&2: US$51 million
Location: Mediterranean Sea, west of Haifa, Israel
Depth:6,000 metres
Water Depth:1,560 metres
The reservoir was discovered back in 2011, some 100 kilometres west of Haifa, Noble and its partners were reviewing development scenarios for this discovery, including a potential tieback to the nearby Leviathan. Dolphin 1 is one of the 3 dolphin prospects in the Hanna license. According to the NSAI prospective resources report, Dolphin 1 has the largest potential for gas, and for now is the only prospect that has been chosen for exploratory drilling.
The total budget of both phases, not including production test costs was US$51 million, US$8 of which was for the first phase. The final drilling depth is expected to reach 6,000 meters, including 1,560 metres of water, to the target strata 1,440 metres.
Israel’s Delek Group has been given until August 1st 2016 to provide a final commitment to developing the Hanna block in the Mediterranean Sea, containing the Dolphin natural gas reservoir. Israel’s Petroleum Commissioner has filed the request in response to Delek and Noble Energy’s previous application to the government to recognize the Dolphin natural gas reservoir as a discovery. The Petroleum Commissioner informed that if the license partners provide by August 1, 2016 an irrevocable commitment to develop the Hanna license together with Phase 1 of the Leviathan field as well as a plan of the requested area to be declared as a discovery, they will then be granted a lease during the four months following (namely by December 1, 2016), and this is in order for the development of this lease to be completed by the end of 2019.
Operators:
Noble Energy Inc.: Operator with 39.66% interest
Delek Group Ltd.: 22.67% interest
Avner Oil and Gas LP: 22.67% interest
Ratio Oil Exploration: 15% interest
Contractor:
Netherland, Sewell & Associates, Inc. (NSAI): Reserves estimate