Gulf Oil and Gas accountACCOUNT

Zion Oil Commences Drilling Rig Mobilization

Source: 3/20/2009, Location: Middle East

Zion Oil & Gas, Inc. announced that Zion has advised Aladdin Middle East Ltd (AME) that AME should proceed with mobilization of the 2,000 horsepower drilling rig that Zion plans to use to drill its Ma’anit-Rehoboth #2 well.

Zion anticipates that the required Turkish rig crew work visas will be granted soon and due to the time required to ship the drilling rig (which has already been packed into eighty loads) from Ankara, Turkey to Haifa, Israel, Zion has given notice to AME to proceed with mobilization of the drilling rig. It is anticipated that the drilling rig will arrive in Israel, clear customs and be fully rigged-up (i.e. erected) to begin drilling in April 2009.

Zion currently holds two petroleum exploration licenses, the Joseph and Asher-Menashe Licenses, between Netanya on the south and Haifa on the north, covering a total of approximately 162,000 acres. Zion has applied for a further permit area (tentatively named by Zion the Issachar-Zebulun Permit Area) and the application, if granted, will increase Zion’s total license area to over 400,000 acres.

Zion’s Chief Executive Officer, Richard Rinberg, said today, “We eagerly anticipate the arrival of the 2,000 horsepower drilling rig and the drilling of Zion’s second well, on our Joseph License, to the Triassic Formation (down to a depth of 15,400 feet) and then, we plan, to the Permian Formation (down to a depth below 18,000 feet).”

Zion Oil & Gas, Inc., a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Tel-Aviv and Haifa.

Rigs >>

Rigs News in Israel >>

Oman >>  11/25/2020 - Rex International Holding Limited, a technology-driven oil company, is pleased to refer to the 25 November 2020 press release issued by its 86.37 pe...
Suriname >>  11/24/2020 - Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk...

Brazil >>  11/18/2020 - Transocean Ltd. has announced that Petrobras has exercised a 680-day preexisting, fixed price option for the Deepwater Corcovado, and a 815-day preexi...
Malaysia >>  11/16/2020 - Brunei Shell Petroleum Company Sdn. Bhd. (BSP) has exercised the option to add exploration drilling of one deepwater well to the work scope of the 7th...

Brunei Darussalam >>  11/11/2020 - Maersk Drilling has secured a contract from Brunei Shell Petroleum Company Sdn. Bhd. (BSP) for the 7th generation drillship Maersk Viking to drill one...
Congo >>  11/11/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to provide...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Israel Oil & Gas 1 >>  2 | 3 | 4 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.