Zion Oil & Gas continues pre-spud operations in Israel

9/2/2020

DALLAS - Zion Oil & Gas announced the completion of the Megiddo Jezreel #2 (MJ02) conductor pipe to a depth of 110 feet and provides an operational update.

“We are thrilled to continue our pre-spud operations in Israel despite delays due to the worldwide Covid pandemic,” Zion CEO, Rob Dunn, expressed. “We see completion of the setting of the conductor pipe as a key step for our future spud of the MJ02 well.”

Zion’s Israeli operations have completed setting the MJ02 conductor pipe to a depth of 110 feet. Cellar construction and additional engineering work continue on the pad site in preparation of the rig arrival and spud. Zion will use the same pad site as the MJ#1 well, saving valuable time and significant expense.

Once Israeli visas have been issued for Zion’s rig crew, Zion’s rig will be shipped by sea to Israel. Zion’s rig crew in Romania currently is preparing safety certification on IADC-required lifting components in addition to general packing and crating preparations for the move.

As of today, the wellhead has shipped from the Port of Houston and is expected to arrive in Israel on October 5, 2020.

Third-party service providers have been selected for logging, directional drilling, mud services, tool rentals, and other related services. This will allow vendors to begin their importation and logistical procedures.

Zion purchased an additional 4,900 feet of heavy weight drill pipe for drilling operations to accommodate the rated 20,000-foot capability of the rig.

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