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August 30, 2016 / 26 Av, 5776

Posts Tagged ‘oil well’

Huge Oil Discovery in Golan Heights Can Make Israel Energy Self-Sufficient

Wednesday, October 7th, 2015

There’s oil in them northern Golan Heights … A LOT of oil, according to experts involved in drilling for the black gold over the past year.

Enough, in fact, to potentially make Israel self-sufficient for many years to come, according to Afek Oil and Gas chief geologist Dr. Yuval Bartov, who spoke on Wednesday with Israel’s Channel 2 TV news. Afek is a subsidiary of Genie Energy, a U.S. firm.

“We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity,” Bartov said.

“On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that’s what we now know.”

The potential for production is huge: barrels in the billions, certainly enough to provide for decades of local consumption in a country which uses 270,000 barrels per day.

But now the question comes down to production costs – and the cost to the environment.

How easily can the oil be extracted from the ground, and what will such a process do to the flora and fauna in the area around the production site, if anything?

The debate over the latter issue might cost the state millions in political wrangling alone, not including the very real issue of how the environment will need to be protected. The complexities involved in extracting the oil may also end up being a more costly or lengthy process, depending on how far down the black gold runs and how difficult it is to bring up.

All of that assumes, of course, that the geopolitical debates over the Golan Heights will have been put to rest by the time the region’s oil production is ready to flow.

Exploratory drilling which began in December 2014 ended with three sites being tapped. Afek recently submitted a request to the government for authorization to drill an additional 10 wells.

Hana Levi Julian

Israel Strikes More Oil in Area Discovered on Basis of Torah Verse

Monday, October 7th, 2013

Proven developed reserves of the Meged 5 oil discovery are double previous estimates, with the updated report showing it has 890,700 barrels of oil, Globes reported.

The proven, probable and possible reserves in two sections of Meged 5 are 3.35 millions of barrel, compared with a previous estimate of 2.15 million barrels.

Givat Olam, founder Meged 5, said it has sold $40 million worth of oil from one section of the Meged 5 well. It is located near Rosh HaAyin, five miles east of metropolitan Tel Aviv, and is adjacent to the security fence that runs along Judea and Samaria. The Palestinian Authority, of course,  claims most of the oil well is theirs.

Givat Olam founder Tovia Luskin was attracted to the site by a verse in Devarim (Deuteronomy), the last book of the Torah.

Chapter 33, verse 15 speaks of “the choicest things of ‘Givat Olam’” [lasting hills].

Luskin proceeded to carry out exploration there after receiving a blessing from the Lubavitcher Rebbe. Two years ago, the company began using Shabbat clocks to avoid using labor for the faucets in the production system on the Sabbath.

Tzvi Ben-Gedalyahu

Printed from: http://www.jewishpress.com/news/israel-strikes-more-oil-in-area-discovered-on-basis-of-torah-verse/2013/10/07/

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