Ability to successfully produce the well still in doubt.
If the consortium were to win the tender, Capricorn would own a 50 percent stake in the license, while the other half would be split equally between Delek Drilling and Avner with a 25% stake each.
Environmental groups have often voiced their concerns that petroleum in the region was likely “tight oil,” which could require non-conventional drilling procedures such as hydraulic fracturing.
Preliminary results from the company's Ness-3 at which initial analyses indicate the presence of hydrocarbons in the vertical drilling sections.
According to report, Iran delivered 14.75 million cubic meters of crude oil at a value $450 million to Israel’s Trans-Asiatic Oil Ltd.
The Society for the Protection of Nature in Israel petitioned the High Court of Justice on Tuesday.
The project involves three years of exploration for conventional oil, north of Nahal El Al near Moshav Natur, a former kibbutz on the southern Golan Heights.
5 millions de litres de pétrole brut ont recouvert les paysages féeriques de la Arava en même temps qu’ils levaient le voile sur un secret bien gardé : l’entreprise Katzaa
« Véritable récif de corail terrestre », la réserve naturelle d’Evrona est menacée par cinq millions de litres de pétrole brut, qui se sont déversés dans son sol
CEO frustrated that proposal for Shfela basin hydrocarbon exploration ‘deemed defective and non-comprehensive.’