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Zion Resumes Operations on Megiddo-Jezreel #1 Well in Israel

Source: www.gulfoilandgas.com 4/30/2018, Location: Middle East

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Zion Oil & Gas, Inc has resumed operations on its Megiddo-Jezreel #1 (MJ #1) well. After receiving formal approval from the Israeli Energy Ministry, Zion will now begin to flow test the MJ #1 well after reaching total depth of 5,060 meters (~16,600 feet) in February.

Zion’s President and Chief Operations Officer, Dustin Guinn, stated, “As can be expected with an exploration well with very little offset data, we wanted to take adequate time to properly evaluate our logs both internally and externally. We are very pleased with our internal geoscience staff and our independent petrophysical consultants, each of whom did a great job in their analysis. We are confident that their analytical work positions us well to deliver successful results. The equipment, which was sourced from the Netherlands, Italy, and the United States amongst other countries, has arrived and we are very eager to start our testing program.”

Zion’s CEO, Victor G. Carrillo, added, “Based on our internal interpretation that is supported by third-party petrophysical analysis, we have chosen up to three primary and two secondary deep target zones to test for flow/production capacity. Dr. Lee Russell, Dustin Guinn, and I will travel to Israel to observe and oversee the initial phase of well testing. We expect to start testing the first zone in the first week of May and testing will likely take several weeks to complete (depending on individual zone outcomes). We cannot comment on the well’s capacity for commercial production until after we conduct and analyze our well testing protocol. We will endeavor to provide further updates as material information becomes available.”

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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