Israel: Drilling indicated on Myra, Sara licenses

By OGJ editors
HOUSTON, Mar. 10 -- GeoGlobal Resources Inc., Calgary, signed a drilling services agreement with Exceed Deep Water Drilling Specialists, Aberdeen, UK, concerning the Myra and Sara licenses, of which GeoGlobal is the operator.

Exceed will proceed with engineering, commercial, and critical logistical arrangements and undertake any preparatory work involved with the drilling campaign on the two licenses in the Mediterranean off Israel.

GeoGlobal has acquired and processed 400 sq km of 3D seismic on each license.