SOA Energy, London, has begun the first of two drilling campaigns in the East Mediterranean region with the spudding of the Ofek-2 well on the New Ofek license, onshore Israel. SOA will act as owner and operator on the license, working in partnership with Israel’s Delek Drilling.
The Ofek-2 sidetrack well offers a low risk, short term, production prospect and according to volumetric reports prepared by PETECH the license has the potential of 600 bcd of gas and 30 million bbl of oil, SOA said in an Aug. 26 press release.
Drilling of the Yahel-1 exploration well is expected to follow in early 2022. The prospect has the potential of 2.2 tcf of gas and 180 million bbl of oil, the company said.
Alongside the drilling campaigns, SOA holds a 21% working interest in the Shimshon lease offshore Israel, which it acquired from Naphtha Israel Petroleum Corp. Ltd. in March.
