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Meged oil field

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In 2000, after earlier having said it had found significant quantities of natural gas at the Meged 3 prospect, Givot announced a halt of drilling operations there on account of a technical failure. When the technical failure was resolved and drilling operations resumed, Givot announced that Meged 3
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After an exploratory drilling at the Meged 4 well in 1994 had failed to turn up oil in commercial quantities, in 2003 Givot Olam reported that tests it was conducting at Meged 4 indicated the presence of oil and gas 4,400 meters below the surface. 64 barrels of oil were recovered from the borehole
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In 2009 the partnership announced that it had found indications of significant quantities of oil at its Meged 5 site. In mid-2011 Givot reported that Meged 5 was producing oil at a rate of 800 barrels a day. The Meged 5 well is located on land designated a training zone by the
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In early January 2012, Givot Olam reported that the state had rejected the company's proposal to drill at Meged wells 6, 7 and 8. Later in the month Givot reported that it had obtained approval to proceed with drilling operations at Meged wells 5, 6 and 14.
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An agreement signed between Givot Olam and Natural Gas for Israel Ltd. (GTL) in March 2012 stipulated that the former would supply natural gas to GTL from the Meged 5 well for a period of three years in exchange for $ 4.4 million, beginning in 2013.
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In 1998 the partnership announced that in the course of tests it was conducting at the Meged 2 bore, unidentified fluids accompanied by gas gushed out of the bore at a rate of 400 barrels a day. Meged 2 was abandoned in the years
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Givot Olam holds the license for the Meged site, which stretches over 200 square kilometers in the Sharon area, and holds exclusive drilling rights in the area, in proximity to Kfar Saba and Rosh Ha'ayin.
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The Meged oil field is located near the towns of Kfar Saba and Rosh Ha'Ayin in Israel. It is situated close to the southern tip of the Palmyra rift system, a geological formation that extends across
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before Givot announced in 2005 that it was discontinuing drilling operations after test results indicated that there was not enough oil to make development commercially viable.
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to the northeast. Givot Olam, which owns and operates the Meged license, first announced its discovery of the Meged field in April 2004. The field spans 200 square kilometers.
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About 64 barrels of oil were produced during the test, but its flow ceased, and therefore, 'horizontal drilling operations were halted and the equipment will be released.'
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Givot Olam founder Tovia Luskin was drawn to the Meged site after interpreting a geological survey of the area in 1988 as confirming a biblical passage in the
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According to reports published by Givot Olam, the methods used in determining the potential for oil extraction at some of the Meged wells involve
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has stated that although the oil drilling site is in Israel the oil reservoir may extend to the West Bank near the West Bank village of
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In order to accommodate Jewish religious proscriptions against performing labor on the Sabbath, in 2011 Givot Olam introduced
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According to a source in the Palestinian Authority, 80% of the Meged oil field is on land owned by Palestinians.
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Palestinians claim that Givot Olam decided that the field is commercially viable only after the creation of the
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Findings from Meged confirm the existence of an oil field spanning over 200 square kilometers (50,000 acres).
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declared to have made it commercially viable to drill. It is one of the largest on-shore oil fields in
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that was first discovered in the 1980s but declared to not be commercially viable at the time. In 2004,
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The well is located in an IDF firing zone, and Luskin promised to arrange an entry permit from the IDF.
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On June 19, 2013 the partnership announced that it had started drilling the Meged-6 oil well.
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would be abandoned as the natural gas was not available in commercial quantities.
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to the west of the field, which they claim is located within the borders of the
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With the location of Meged Oil field close to the border between Israel and the
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4.6 million worth of crude oil extracted from the Meged field to refineries.
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In 2010, Givot Olam sold 240 barrels of oil obtained from Meged 5 to
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into its production system to obviate the use of manual faucets.
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Its proven oil reserves are about 1,525 million barrels (242.5 1356: 742:"Givot Olam throws in towel at Meged 4; share drops 9 percent" 233: 838:"Givot Olam says Meged 5 well producing at 800 barrels a day" 571:"American company to invest $ 50 million in Israeli oil well" 774:גבעות דיווחה כי גילתה 'כמויות משמעותיות של נפט' בראש העין 481:"Gevaot Olam: Meged 5 Oil Field Has 1.5 Billion Barrels" 602:"Signs of Oil at Givot Olam - Week Before Rights Issue" 540:"Givot Olam ends stage 1 of Kfar Saba horizontal drill" 991:בעיצומם של מבחני ההפקה: גבעות מכרה 240 חביות נפט לבז"ן 870:"Photographers turned away from Givot Olam drill site" 1218:"PA accuses Israel of drilling for oil in West Bank" 962:"Energy Ministry approves Meged 6 field development" 368:, it is subject to a dispute over ownership rights. 1457: 1421: 1391: 933:"Givot request to drill 3 new Meged wells rejected" 771:Ben-Israel, Adi; Harman, Uriel (24 December 2009). 183: 178: 170: 162: 154: 149: 139: 102: 94: 84: 74: 64: 18: 1246:"'Givot can meet 10% of Israel's oil consumption'" 1106:"Blessings Materialize: Oil Production in Israel" 1305:גבעות: נבצע את ה'פראק' במקטע 8 במהלך השבוע הקרוב 807:"Israeli company finds oil beneath Rosh Ha'ayin" 1158:Benari, Elad; Kempinsky, Yoni (28 June 2011). 483:. Arutz Sheva. August 17, 2010. Archived from 1368: 1349:factsheet about Givot Olam Oil Exploration LP 1020:"Givot signs $ 4.4m contract for Meged 5 gas" 56:Location of the Meged oil field within Israel 8: 1187:"Israel is stealing Palestinian oil and gas" 321:During the first quarter of 2011 Givot sold 1132:"Chabad article boosts Givot's share price" 1077:"An Israeli seeks oil in a land lacking it" 232:. It began production in 2010 and produces 1375: 1361: 1353: 630:"Givot Olam to carry out tests at Meged-4" 318:(BAZAN), an Israeli oil refining company. 24: 15: 906:"Givot Olam begins drilling Meged 6 well" 836:Zeno, Lior; Azran, Eran (24 June 2011). 30:Meged oil field at sunset, February 2011 831: 829: 432: 48: 438: 436: 600:Arlozorov, Merav (10 December 1998). 7: 1302:Yeshayahou, Koby (30 January 2011). 868:Ben-Israel, Adi (24 December 2009). 714:"Company strikes oil near Kfar Saba" 1216:Mar'i, Mohammed (13 January 2012). 445:"Drilling for the future in Israel" 345:) and its associated commentary by 712:Mosnaim, Ilan (24 February 2003). 684:Hayoun, David (18 November 2002). 538:Kedmi, Sharon (27 December 2004). 199: m or 1525 million  14: 1130:Yeshayahou, Koby (12 June 2011). 1075:Enav, Peter (12 September 2004). 960:Koren, Hillel (30 January 2012). 656:Hayoun, David (31 October 2000). 443:Enav, Peter (12 September 2004). 377:Ramallah and al-Bireh Governorate 1412: 1244:Barkat, Amiram (19 March 2012). 1104:Yisraeli, David (10 June 2011). 988:Ben Yisrael, Adi (2 June 2010). 47: 40: 1047:Shamah, David (25 April 2012). 805:Zano, Lior (24 December 2009). 628:Mosnaim, Ilan (9 April 2003). 569:Malichi, Asaf (5 March 2007). 1: 740:Levy, Tal (22 August 2005). 1507: 450:Spartanburg Herald-Journal 1410: 1283:(in Hebrew). 7 March 2011 373:Israeli West Bank barrier 124:32.0408944°N 35.0002111°E 35: 23: 1304: 1273: 990: 773: 412:Associated petroleum gas 1093:(subscription required) 904:globes (20 June 2013). 507:"Moses's oily blessing" 422:Hydrocarbon exploration 184:Estimated oil in place 129:32.0408944; 35.0002111 293:Israel Defense Forces 1486:Oil fields in Israel 163:Start of development 1336:Givot Olam Oil Ltd. 1191:Middle East Monitor 1054:The Times of Israel 339:Book of Deuteronomy 171:Start of production 120: /  1491:Oil field disputes 1341:"Meged 5 is alive" 1197:on 27 January 2014 316:Oil Refineries Ltd 187:200 million tonnes 1473: 1472: 1081:Houston Chronicle 417:Economy of Israel 207: 206: 1498: 1416: 1377: 1370: 1363: 1354: 1324: 1323: 1321: 1319: 1299: 1293: 1292: 1290: 1288: 1269: 1263: 1262: 1260: 1258: 1241: 1235: 1234: 1232: 1230: 1213: 1207: 1206: 1204: 1202: 1193:. 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Index


Meged oil field is located in Israel
Israel
Central District
Rosh HaAyin
32°2′27.22″N 35°0′0.76″E / 32.0408944°N 35.0002111°E / 32.0408944; 35.0002111
Givot Olam
bbl
oil field
Givot Olam Oil
he
Israel
oil
natural gas
Syria
Israel Defense Forces
Oil Refineries Ltd
NIS
Book of Deuteronomy
33:15
Rashi
Shabbat clocks
West Bank
Israeli West Bank barrier
Ramallah and al-Bireh Governorate
Efraim Sneh
Rantis
fracking
Associated petroleum gas
Economy of Israel

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