The Middle East, and its adjacent bodies of water--the Levantine Basin
, Red Sea, and Arabian Gulf--is at the southern end of the fault-line between Europe and Asia.
With initial gas quantities expected to be 10bcm/yr from the Levantine Basin
, almost all of the gas will be from Israel.
For political reasons, the relatively small Gaza find remains undeveloped, while exploration continued apace offshore Israel, resulting in discoveries -- namely Tamar in 2009 and Leviathan in 2010 (see map below) -- that have helped spark intense interest in the so-called Levantine Basin
, a subsea structure shared by Lebanon, Israel, the Palestinian Authority, Syria, Cyprus, and Turkey, at least from Turkey's perspective.
Nutrient cycling in the south east Levantine basin
of the eastern Mediterranean: Results from a phosphorus starved system.
(2002), in their study in northern levantine basin
, reported 200 copepoda species; Toklu and Sarihan (2003), in their study conducted in Yumurtalik-Botas coastline, reported 33 copepoda and 3 cladocera; Lakkis et al.
Cyprus has already discovered a mean of 5 Tcf field, the third largest discovery in the deepwater Levantine Basin
, Lakkotrypis said, pointing out that there are encouraging indications for more gas discoveries, as well as oil discoveries in Cyprus` offshore area.
The very promising potential of hydrocarbon exploration in the Levantine basin
requires that all countries in the region work closely together, bilaterally and regionally.
Tel Aviv, Israel, May 30, 2013 --(PR.com)-- Last week the Karish project, offshore the Israeli coast, was declared a gas field discovery, the latest marine gas field discovery in a series of discoveries in the Levantine basin
in recent years.
SADC's management are very much pioneers having established the facilities on the basis of recent discoveries in the Levantine basin
but until the production sharing agreements are secure anticipates delays in business activities there.
The survey will cover the northern part of the Levantine Basin
and margins located north of Spectrum's recently completed 3,052 square kilometer 3-D survey, the company said.
The Minister indicated the existence of interesting new oil discoveries in Egypt, Palestine, Cyprus and Lebanon, referring to a report issued by the United States Geological Survey on estimates of the potentials available at Levantine Basin
in eastern Mediterranean which stretches from Palestine in the south to Lattakia in the north reaching Cyprus in the west.