The Tamar-1 well, located in 5,500 feet of water 90 kilometers west of Haifa, was drilled to a total depth of 16,076 (4,900 meters) feet to test a subsalt, lower-Miocene structure in the Levantine basin. Preliminary indications show 88 billion cubic meters of natural gas at the Tamar prospect worth an estimated $15 billion. Israeli government revenue alone from the find could amount to NIS 11 billion." (Thanks Philippe)
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