Oil reservoir found in Golan Heights, says company
Afek Oil & Gas requests extension of exploration license after finding evidence for presence of large liquid oil reservoir in northern Israel.
An oil reservoir has been discovered in the Golan Heights, Israeli energy company Afek officially revealed on Monday.
The company, which previously only hunted at the discovery, on Monday requested permission to drill additional wells in the area.
“Initial findings from the drilling confirm the discovery of an oil reservoir in the Golan and further justifies continuing the exploration program,” said the request. “We need more time for this.”
In recent months Afek, a subsidiary of American company Genie Energy, has been drilling for oil in the Golan Heights. Its request to search for oil in the area was controversial.
Numerous environmental organizations, like the Israel Union for Environmental Defense and the Society for the Protection of Nature in Israel, as well as governmental bodies like the Nature and Parks Authority, opposed the initiative, saying drilling could endanger water sources and cause environmental damage to the Golan Heights.
Following the initial drilling, the company declared there was evidence of hydrocarbons, which suggested the presence of oil or gas in some form, and that the results match the geological theory the company was using. At the end of the initial drilling, the company reached the conclusion that there was liquid oil at the site.
According to the theory followed by Afek’s geologists, led by Dr. Yuval Bartov, a large oil reservoir was formed by oil shale undergoing a rapid natural process.
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