Promising New Region
In this project – New Yahel license, GOE expect to find hydrocarbons in both Triassic and Permian exploration targets.
GOE’s experts believe that the rock section in northern Israel may have considerably better porosity and permeability and may be in a regionally higher structural position than those in central Israel (New Ofek)
No well was ever drilled before in this region neither reaching Triassic nor Permian Formations not to mention testing these formations.
License area was carefully selected based on the premise that the relative porosity/permeability of the Triassic and Permian formations would improve with the more northerly location. This is based on analogy of the lithological characteristics trend in other areas around the Arabian Massif (see figure).
Geophysical interpretation of seismic data acquired in the New Yahel license suggests three NE-SW fold structures. These structure could even be interconnected (!)
Estimated area of the Eastern Structure is about 30 sq. km near the Top Triassic level.
The two other structures are near Haifa Bay and the Tiv’on area.
Their estimated areas near the Top Triassic level are 16 sq. km and 27 sq. km respectively.
Volumetric Report of Prospective Resources
*Report by PeTech Enterprises, Inc. (TX,USA), Dec 2012.
- 36.6% is the Geological Probability of Success in the Permian target (Gas) case there is a discovery in the “Haifa Bay” structure, otherwise 9%.
- 29.6% is the Geological Probability of Success in the Triassic target (Oil) case there is a discovery in the “Haifa Bay” structure, otherwise 7.7%.
- Best Estimate refer to 100% of working interests. GOE share 20%.
The planned well in the license will be named Yahel-1 and shall be drilled in the Haifa Bay structure to a total depth of 5,500 m.
The primary target is gas in the Upper Permian carbonate beds of the Arqov Formation at the lower section of the well at depth of 5,200-5,500 m.
The secondary target is oil in the Middle Triassic carbonate beds of the Saharonim Formation, expected at depth of about 3,900 m.