Israel is one of the best country in offshore development.The Tamar production complex, which is 5,600 ft (1,700 m) beneath under water.

Israel's gross gas production averaged 676 MMcf/d (19 MMcm/d), with Tamar contributing 636 MMcf/d (18 MMcm/d), with a single-day production high of 784 MMcf/d (22 MMcm/d) during the period.

Various companies like Adira Energy, Modi'in Energy, and Brownstone Energy will fund their proportionate share of costs in connection with the attempted drilling of the first well.

The agreement also gives the partners rights to participate in any farm-out of their interests in the concession realized by the other members, for a period of one year. Adira also agrees to relinquish its 15% buy back option and management fee, and reduce its overriding royalty interest to 2.625%.

Adira has applied to Israel's Ministry of Energy and Water for an extension of the date for execution of the drilling contract to Feb. 28, 2014, and for the spud of the first well to Dec. 31, 2014.

Modi'in Energy has revised its resource report for the Yam Hadera license. Following re-interpretation of seismic data, consultants Netherland, Sewell & Associates claim that Yam Hadera could hold up to 208 MMbbl of recoverable oil and 3.4 tcf (96 bcm) of natural gas, with a geologic probability of success of 17%-29% for different horizons. The location is 30 km (18.6 mi) from the coast, between Hadera and Haifa and northwest of Adira Energy's Gabriella and Yitzhak licenses. Adira has an option to take a 15% interest in the concession.

Field development is proceeding in several areas, with activities heating up offshore Iran in particular. Kish Oil Co. and the Iranian Research Institute of Petroleum Industry (RIPI) were expected to finalize a development plan in August for the offshore Tousan oil field.

According to Mahmoud Zirakchianzadeh, managing director of Iranian Offshore Oil Co. (IOOC), the plan is to deliver production of 7-10,000 b/d of oil under a first-phase development, eventually building to 25,000 b/d. There will be four wells, one offshore platform, and a 30-km (18.6-mi) pipeline transporting production for treatment onshore. Sazeh Co. is responsible for facilities design.

Offshore Qatar, operators are working to increase and optimize production from older fields. Recently, Occidental Petroleum of Qatar and Qatar Petroleum agreed on the Phase 5 field development plan for the Idd El Shargi North Dome field (ISND) offshore Qatar.

The two parties have collaborated on the field since signing a development and production-sharing agreement with Qatar's government in mid-1994. Their goal is to sustain oil production levels at around 100,000 b/d over the next six years.