Delek Group Increases Leviathan Reservoir Estimates by 10%

Delek Group released estimates for the Leviathan Reservoir located in the l/14 Leviathan South and l/15 Levithan North leases, significantly revising upwards its previous report.  

‘The low estimate has increased 11% (from 14.89 TCF to 16.58 TCF); the best estimate increased 16% (from 18.91 TCF to 21.93 TCF); while the high estimate increased 10% (from 24.14 TCF to 26.52 TCF),’ reads the note.  

According to the company based in Israel, the increase is due to a quantitative and qualitative improvement of the database for the Leviathan natural gas reservoir, partially related to a re-processing and re-analysis of the 3-dimensional seismic surveys.

‘Among other things, data indicated the following: (1) A 20% increase in the gross rock volume in the low estimate scenario, as compared to a 2% decrease in the high estimate scenario; (2)  A 14% increase in the net-to-gross in the low estimate scenario, and a 10% increase in the high estimate scenario; (3)  A 5% increase in porosity in the low estimate scenario; (4)  A 4% increase in the formation volume factor in the low estimate scenario, and a 1% increase in the high estimate scenario; (5)  A 3% increase in gas saturation in the low estimate scenario, and a 1% increase in the high estimate scenario.’