Estimates are that the amount of oil found will make Israel self sufficient for very many years to come.
After more than a year of round-the-clock drilling, large amounts of oil have been found on the Golan Heights. Estimates are that the amount of oil discovered will make Israel self sufficient for very many years to come.Afek Oil and Gas chief geologist Dr. Yuval Bartov told Channel 2 News, “We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity.On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that’s what we now know.”
Three drillings have so far taken place in the southern Golan Heights which have found large reserves of oil. Potential production is dramatic – billions of barrels, which will easily provide all Israel’s oil needs. Israel consumes 270,000 barrels of oil per day.
Although the existence of the oil in the ground is a fact…..