Gulf Oil and Gas accountACCOUNT

TomCo Energy re-commencement of oil production at Heletz, Israel

Source: www.gulfoilandgas.com 6/19/2008, Location: Middle East

TomCo announced the re-commencement of oil production at the Heletz Field in southern Israel, where TomCo acquired a 50% and a 25% interest in two licenses in April 2008. The Heletz Field, with an estimated Original Oil In Place (“OOIP”) of over 50 million bbls, was discovered in the 1950’s and produced around 17 million barrels of oil prior to production being shut-in in August 2007. TomCo and its operating partner believe that the field holds significant potential for additional infill drilling and secondary production, as well as having several high risk / high reward deeper exploration targets. The new operator, Avenue Energy Israel Ltd, has initiated a comprehensive technical re-evaluation of the field and has already identified a number of specific well work-overs and in-fill drilling targets. Planning is also underway for a new seismic data acquisition programme.

Meanwhile, two existing wells (Heletz-1 and Heletz-25) have been re-opened for production over the past 7 days, and are currently producing around 34 bopd in aggregate (17 bopd net to TomCo). Oil production is from three separate Cretaceous sandstones of the Heletz Formation, at depths of 1,496m to 1,532m. Water cuts are around 40%, and there is little or no associated gas. Three further wells are currently being tested and prepared for production, and are expected to come on stream in the next few days.

Exploration News in Israel >>

Egypt >>  6/12/2019 - The Ministry of Petroleum and Mineral Resources will launch a new international tender for the exploration of natural gas in the western Mediterranean...
Russia >>  6/6/2019 - Gazprom Neft, Rosgeologia (Rosgeo) and the Tomsk Oblast have signed a Technology Partnership Agreement at this year’s St Petersburg International Econ...

Angola >>  6/3/2019 - Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration pros...
Mexico >>  5/28/2019 - Union Cuba-Petroleo (CUPET) has announced Cuba's First Licensing Round and has invited oil companies interested in carrying out exploration and exploi...

United Kingdom >>  5/27/2019 - The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of...
United Kingdom >>  1/29/2019 - CNOOC Limited has announced a new discovery at the Glengorm Prospect, located offshore UK Central North Sea. The Glengorm discovery is located in Lic...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Israel Oil & Gas 1 >>  2 | 3 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.