The project in the Eastern Mediterranean is running ahead of schedule and is $150 million under budget.
Karish North also holds some light oil, which brings the field up to 190 million barrels of oil equivalent.
Israel’s energy ministry hopes new activity will help position the country as a regional energy hub after massive amounts of natural gas were discovered off its shores.
A Three Forks producer by WPX, a Woodford completion in Grady County, Okla., and an oil discovery offshore Angola top this week’s drilling activity highlights from around the world.
Marathon Three Forks discovery, Marcellus completions from Chesapeake and Cabot plus an offshore discovery by Exxon Mobil top this week’s drilling activity highlights from around the world.
Move is designed to pressure Greek Cypriot government to accept a cooperation proposal by Turkish Cypriots.
Israel’s energy ministry said the new activity will help position the country as a regional energy hub. But the results were not much of a rebound from a disappointing round two years earlier when, again, just two groups placed bids.