05.07.2009

WesternGeco, a business unit of Schlumberger, is the world’s leading geophysical services company, providing comprehensive worldwide reservoir imaging, monitoring, and development services, with the most extensive geophysical survey crews and data processing centers in the industry, as well as the world’s largest multiclient data library. Services range from 3D and 4D (time-lapse) seismic surveys to multicomponent and electromagnetic surveys, supplying clients with accurate measurements of subsurface geology

A type of crude oil (light sweet crude oil) produced in the Permian and Midland basin areas of west Texas. The term is commonly used as a price benchmark. WTI is the underlying commodity of the New York Mercantile Exchange’s oil futures contracts. The price paid for crude oil varies according to its quality

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Method of sealing one particular zone or a long horizontal well bore into several small sections, used for greater production control along the well length

An interval or unit of rock differentiated from surrounding rocks on the basis of its fossil content or other features, such as faults or fractures

In an oil and gas contract, zone refers to a stratum of earth containing or thought to contain an accumulation of petroleum separately producible from any other accumulation of petroleum

A slab of reservoir rock bounded above and below by impermeable rock

From game theory where one side wins all and one side loses

Ginko Oil Exploration and Delek Energy have a license, the carveout Tzuk Tamrur over 16,500 dunams, to explore for oil in this area of the Judean Desert where they believe there could be 6.5 million barrels of oil. Zerah was established in 2006 as a subsidiary of Ginko Oil Exploration Ltd. Zerah License (Ginko group and its partners Delek and Avner) received permission from the Israel Nature and Parks authority to start drilling at the Tzuk Tamrur 4 site at the beginning of October. The td of the drilling is planned for 2 km at an estimated cost of $4-5 million. The Zerah license covers an area of 400 sq km north of the Dead Sea. Drilling started on the 30th November 2009. The partners in the Tzuk Tamrur 4 license are Zerach (50%), Avner (25%) that are the operator and Delek 25%. On the 31st Jan 2010 Zuk Tamrur 4 partners (Zerach 50%, Avner and Delek 25% each) have decided to move to the stage of carrying out production testing at the site after the electric logs were found to be positive. Avner, the operator of the Tzuk Tamrur 4 has informed its partners that they have reached a td of 2,103 meters and will now carry out production testing at two different layers at the Ra’af and Gvanim. Production testing will take about a month and will cost $1.8 million

Belgian Port. The terminus point of The European Interconnector, a gas line linking the UK to continental Europe, and thus a major European gas delivery hub