Oil Drilling Near Haifa Is Halted
Oil drilling in the Mediterranean Sea off the coast of Haifa has been halted as the investment partners prepare to put a new oil rig in place.
Drilling in the Leviathan oil field, which began more than a year ago, has not yet produced any oil. But it is believed that oil will be discovered at a different depth, in new drilling that will not begin for another year, Ynet reported.
The partners, including Noble Energy and the Delek group, say that estimates show at least six hundred million barrels of oil in the field. The field also contains a large natural gas reserve.
A message from our Publisher & CEO Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.
This is a great time to support independent Jewish journalism, because every dollar goes twice as far.
— Rachel Fishman Feddersen, Publisher and CEO
