Givot Olam Drills Successful Oil Well
June 18, 2010
Israel drills successful oil well
JERUSALEM, June 16 (UPI) — Israel’s Givot Olam Oil Exploration said its drilling explorations at its Meged 5 well near Rosh Ha’Ayin have been very successful.
As a result of the initial operations, Givot Olam Oil Exploration is returning its hydraulic fracturing equipment to its foreign suppliers, Globes reported Wednesday.
Since the Rosh Ha’Ayin test bore produced oil mixed with gas instead of a water flow the bore, Givot Olam Oil Exploration Director Shmuel Becker told journalists, “We’re returning the (hydraulic) frac(turing) equipment because there is natural oil flow in the well.”
Givot Olam Oil Exploration reported that the test bore produced an oil flow of 302 barrels over nearly 20 hours. Following expert analysis, based on the test bore site’s natural oil flow from the Meged 5 well, Givot Olam Oil Exploration decided to dismantle the hydraulic fracturing and propelling equipment at the wellhead and send it back overseas.
In light of the Meged 5 bore hole success, Givot Olam Oil Exploration has begun preparations for tests of section 6 of the well.
Related posts:
- Givot Olam’s Meged #5 Produces Oil
- Givot Olam Struggles with Oil Discovery
- A Closer Look at Givot Olam
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