Zion Oil & Gas completes testing programme of the primary zones at the Megiddo-Jezreel-1 well in Israel

Zion Oil & Gas has completed the testing programme of its primary zones located within the Jurassic and Cretaceous-age formations of the Megiddo-Jezreel-1 well, onshore Israel.

 

As a result of the testing, Zion has determined that the well is not commercially productive.

 

Zion’s Chief Executive Officer, Dustin Guinn commented, ‘Unlike the lower Triassic zones, two of the multiple zones we tested within the Middle Jurassic and Cretaceous had sufficient permeability and porosity to flow to surface, as outlined below:

 

Zone 1:

  • 3,468-3,461 metres would not flow naturally to surface. The fluid characteristics obtained while swabbing indicated high chloride brine

Zone 2:

  • 3,455-3,446 metres would not flow naturally to surface. The fluid characteristics obtained while swabbing indicated high chloride brine

Zone 3:

  • 3,325-3,310 metres would not flow naturally to surface. The fluid characteristics obtained while swabbing indicated high chloride brine

Zone 4:

  • 1,784-1,775 metres flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water

Zone 5:

  • 1,232.5-1,228 metres flowed naturally and continuously to surface. The fluid characteristics obtained from monitoring samples taken while the well was flowing indicated low chloride water.

 

“The fluid did not contain hydrocarbons, and further testing at this time is not warranted. Zion is currently in discussions with the Israeli government on plugging obligations. Given the thermal gradient, flow rates, surface pressure and low salinity, certain ministries within the Israeli government have made requests of Zion concerning the use of the well as a water monitoring well. Zion will review the economic impact and obligations as a result of this request to determine a prudent plugging plan.

 

“While the well was not commercially viable, Zion has learned a great deal from the drilling and testing of this well. We refer to our previous press release and operational update of the 16th August 2018 where we outlined our testing objectives relating to this well.

 

“We believe that the drilling and testing of this well carried out the testing objectives we previously outlined and may support further evaluation and potential further exploration efforts within our licence area.

 

“Those efforts will obviously take time and support and additional financial resources, which we will need to raise, but we are confident that it will be time and resources well spent to deliver on Zion’s mission and the vision of supporting Israel.

 

“Management, along with all of our staff, want to sincerely thank you for your continued support. There is much left to do, and it is an honour to represent our shareholders in this mission.”

 

Source: Energy-pedia