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Sunday, June 24, 2018 9:05:02 PM
The Givot Olam partnership obtained the Rosh HaAyin prospect in April 2002, but has since conducted only three drillings: Meged 4, which included a side drilling and a horizontal drilling; Meged 5, which was drilled twice in the same place; and Meged 6, which also included a side drilling. Only Meged 5 produced oil, and oil production was completely discontinued in April 2017.
The oil potential in the area has been assessed in the hundreds of millions of barrels, but the Givot Olam partnership, which drilling in it in recent years, has succeeded in producing only very small quantities of oil from it.
http://en.globes.co.il/en/article-givot-olam-oil-exploration-license-deadline-extended-1001231439
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