Updated: Jul 20, 2019
U.S. independent producer Zion Oil & Gas announced Wednesday it entered into binding agreements to carry out 3D seismic analysis on a 27-square-mile area onshore Israel, Kallanish Energy learns.
The company is currently carrying out oil and gas exploration activities in the Megiddo-Jezreel license area, which covers 154 square miles.
“The biblically inspired vision of Zion Oil & Gas remains to discover oil and gas onshore in Israel,” said CEO John Brown, in a release.
“Our planned 3-D seismic program demonstrates Zion's long-term commitment to our dedicated shareholders and to the citizens of Israel,” he added.
Zion Oil & Gas Enters into Binding Agreements in Israel