Pace speeds up in exploration for Triassic targets in Israel

07/05/2004
Zion Oil & Gas, an exploration company with offices in Dallas and Israel, is exploring on its 95,800-acre Ma'anit-Joseph License in north-central Israel.Using all available resources including over 400 km of seismic, well completion data, and gravity-magnetic survey data, Zion is joining in and aggressively pursuing the exploration for hydrocarbons in Israel. Recent discoveries of Triassic oil in north-central Israel have spurred oil companies in their exploration efforts.Exploration historyPetroleum exploration began in Israel in 1947 on a surface feature in the Heletz area of central Israel.Since then 470 wells have been drilled in the country, and most have penetrated depths rangin...
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