Zion Oil & Gas, Inc. Spuds the Megiddo-Jezreel #2 Well in Israel
January 07, 2021 at 01:38 am IST
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Zion Oil & Gas, Inc. announced the spudding of the Megiddo-Jezreel #2 (MJ02) well in Israel. The company officially spudded the Megiddo-Jezreel #2 well in Israel, which is an important 2021 milestone toward reaching its goals. Operational Highlights: The crew previously completed the deep monitoring well on MJ-01 as mandated by the Israeli Water Ministry. During this period, the crew also underwent various inspections from the Israeli ministries. All necessary permits to operate have been granted. After completing the deep monitoring well, the crew had to disassemble and move the rig to the new location for the MJ-02 well. The crew worked diligently to rig up a second time and spud the well on January 6, 2021. Despite all the uncertainty and ever-changing regulations and shutdowns, the crew has all equipment and personnel in the country to complete the first two sections of the well. The remaining equipment is scheduled to arrive in port January 8, with the additional cementing, logging tools, and mud chemicals arriving as needed in advance of the final sections.
Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds replacement license for New Megiddo License 428 (NML 428), which lies onshore, south, and west of the Sea of Galilee. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The Company has not generated any revenues.