05.07.2009

Occasionally, a hole is lost or junked and a second hole may be drilled from the surface in close proximity to the first. Footage drilled for the second hole is defined as “redrill footage.” Under these circumstances, the first hole is reported as a dry hole (exploratory or developmental) and the total footage is reported as dry hole footage. The second hole is reported as an oil well, gas well, or dry hole according to the result. The redrill footage is included in the appropriate classification of total footage, but is not reported as a separate classification

In the framework of the peace treaty between Israel Jordan the integrated development Master Plan for the Jordan Rift Valley, the Red Sea – Dead Sea was considered to be one of the most important potential elements for implementing this Master Plan. The principal development objective of the RSDSC was to provide desalinated drinking water for the people of the area. In addition, as a result of the 1973 energy crisis and the search for alternative energy sources the idea evolved to study this project also for the generation of electricity with the goal to produce 800 MW during peak hours. Currently, the main task of the project is a partial solution for the water deficit existing and predicted for the region because as a result of the regional irrigation projects most of the running water in the DS drainage basin is used and the water balance of the lake is negative.

Quantity of petroleum that can be produced in relation to the total amount in place. The percentage of oil or gas in place in a reservoir that ultimately can be withdrawn by primary and/or secondary techniques

A numeric expression of that portion of in-place quantities of petroleum estimated to be recoverable by specific processes or projects, most often represented as a percentage

Recovered energy power generation (REG) involves capturing unused waste heat from industrial processes and converting it into electricity that can be sold to power purchasers or used on site without any additional fuel consumption and with zero emission. REG is recognized as a preferred solution for energy efficiency, fossil fuel savings and GHG emission reductions. Economic incentives are frequently applied to REG projects