Zion Oil & Gas Inc., Dallas, let a contract to Geophysical Institute of Israel to shoot 9 line-miles of 2D seismic on the Jordan Valley license in Israel.
Zion Oil & Gas Inc., Dallas, let a contract to Geophysical Institute of Israel to shoot 9 line-miles of 2D seismic on the Jordan Valley license in Israel.
The survey is scheduled to commence in late 2011 or early in 2012. The license lies east of Zion’s Joseph and Asher-Menashe licenses and south of the Sea of Galilee along the western Jordan River Valley. Meanwhile, the Israeli petroleum commissioner extended the Joseph License to Oct. 10, 2012.
Zion also signed a nonbinding memorandum with the US affiliate of an oil and gas exploration company with large international operations that will provide Zion with a deep-capacity land rig and other oilfield services for a minimum of 3 years and for at least three planned wells. After drafting and signing legally binding documentation, Zion plans to spud the next well in the first half of 2012.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
