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Should borders be defined based on the presence (or not) of prospects?
The question should be raised because in the debate on the 🇱🇧/🇮🇱 maritime border dispute, some people appear to be equating gas fields with prospects.
The question should be raised because in the debate on the 🇱🇧/🇮🇱 maritime border dispute, some people appear to be equating gas fields with prospects.
#Karish for example is a gas field. Its presence has been established following drilling activity in 2013. It is being developed and if everything goes as planned, production is expected in Q3 2022.
#Qana is a prospect. A prospect is an area of interest, but the presence of a gas field there has not been established. Only drilling can confirm the presence of a field and no drilling was conducted at Qana. On average, only 1 in 5 wells leads to a commercial discovery.
