Zion Granted Approval to Drill Well Onshore Israel

Zion Oil & Gas has been granted approval by the State of Israel’s petroleum commissioner to drill an oil well in Israel, within its 99,000 acre license.

“We are all hands on deck moving toward the goal of preparing the drill site for construction to move the drilling rig in to spud the well,” said Victor Carrillo, Zion’s CEO.

Zion’s drill site is onshore Israel within the Megiddo-Jezreel license. An independent study by the international consulting company Beicip-Franlab, found that up to 6.6 billion barrels of oil remain to be found in Israel’s Levant Basin, according to Zion’s website.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Global LNG Demand Set to Rise to 2030 (Feb 20)
 -  Lekoil Aims to Ramp Up Otakikpo Output... (Feb 20)
 -  Total Drilling Deeper at Antelope-7 Ap... (Feb 20)
 -  Ithaca Energy Starts Production from N... (Feb 17)
 -  Kraken 2Q Start-up 'On Track' (Feb 17)


Most Popular Articles

From the Career Center
Jobs that may interest you
CDL Driver - Midland
Expertise: Casing
Location: Midland, TX
 
Roustabout
Expertise: Roustabout
Location: Houma, LA
 
Floorhand ---GOM Barge Div.
Expertise: Floorhand / Roughneck
Location: New Iberia, LA
 
search for more jobs

Brent Crude Oil : $55.81/BBL 0.28%
Light Crude Oil : $53.4/BBL 0.07%
Natural Gas : $2.83/MMBtu 0.70%
Updated in last 24 hours