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The Top 5 Oil and Gas Plays of 2012

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Turkana County, the Bakken Shale Play, and Eagle Ford are some of the best plays on the list.

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Specifically, we're talking about:
  • The discovery to two offshore natural gas fields in northern Israel (Leviathan and Tamar) with an estimated 25 trillion cubic feet (about 100 years year of gas for Israeli domestic use).
  • Estimates that Israel has a potential 1.9 billion barrels of untapped oil.
  • About 5-6 tcf of natural gas in the Aphrodite field claimed by Greek-held Northern Cyprus (just west of Israel's Leviathan field).
Exploitation will be a bit expensive, though. Israel's offshore fields are located 100 kilometers from the coast and in 6,000 feet of water. The natural gas is some 5,000 feet under the sea bed.

Offshore Tanzania and Mozambique

Tanzania has become a gas sensation in a very short time, with recent offshore discoveries of some 33 trillion cubic feet.

Sweetening the deal, we have political stability and low security risk, relatively speaking, as well as an existing 70-million-cubic-feet/day capacity for natural gas processing. More gas infrastructure is in the works.

Next door, Mozambique's 130 trillion cubic feet of gas in its offshore Rovuma Basin is eye candy for foreign investors, and officials believe there is double this amount still waiting to be discovered. It's not as attractive as Tanzania for one reason: There is no infrastructure.

This article was written by Jen Alic of Oilprice.com.
No positions in stocks mentioned.
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