Watchdog, explorers poised to squabble over assessing oil, gas reserves

11.01.2012                      16.Tewet. 5772

Umwelt:

Watchdog, explorers poised to squabble over assessing oil, gas reserves

The Israeli partners in the Leviathan 1 natural gas venture are likely to be irked by the Securities Authority's demand that they estimate the amount of oil at the site based on the industry's petroleum resources management system – even before drilling begins.
Noble Energy, the operator of the Leviathan field (and of the Tamar field and others ) is an American company, so it's not subject to ISA rules. But the Israeli partners are….