The Zeus 1 exploratory well off the coast of Israel has yielded 13 billion cubic metres of natural gas, according to a Monday announcement by Energean Energy Group.
Additionally, the electricity provider acknowledged that there are an extra 3. According to the “Jerusalem Post,” the “Athens” field has a volume of 75 billion cubic metres.
These findings corroborate the company’s predictions that there is economically viable gas in the “Olympus” area, which is situated between the Karich and Tanin fields.
Matthews Reagas stated, “I am glad to say that the five wells covered by our drilling programme are performing well, ensuring energy supplies throughout the region, one week after the start of production from the Karish field.
After accounting for the growing populations in Zeus and Athens, the company is currently preparing to capitalise on the recent finds and anticipates that the market will be supplied with fresh gas supplies from the Olympus region in early 2023.
“Jerusalem Post” is the source.
Israel typically sees enormous new gas reserve discoveries.
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