Oil Drilling Near Haifa Is Halted

By JTA May 14, 2012

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’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO