More delays in the hunt for oil at Israel’s Leviathan

摘要

Jerusalem—Israeli investors have been hoping in recent weeks they would get word on whether there is oil in the huge Leviathan offshore gas field, but last week’s announcement by US explorer Noble Energy that it was suspending drilling due to technical difficulties will delay the definitive answer for some time. Leviathan is already Israel’s biggest ever gas discovery, but the prospect of oil layers has made the field even more of a potential cash cow for the company and its Israeli partners.