NEW YORK – A huge deep-water natural gas find off the coast of Israel promises to be a boon to the Jewish state's economy as well as a stimulus to other developers searching for offshore oil and natural gas in the Mediterranean.

Noble Energy, a New York Stock Exchange-listed company, has discovered an estimated more than 3 trillion cubic feet of natural gas in three high-quality reservoirs drilled in the company's Tamar No. 1 well in the Mediterranean Sea, about 56 miles off the Israeli northern port of Haifa.

Noble Energy drilled the Tamar No. 1 well to a depth of about three miles, beneath 5,500 feet of water.

The find is significant for those who believe the Bible indicates Israel is sitting on a massive oil reserve that would reshape the geopolitical structure of the Middle East.



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