GeoGlobal Resources Executes International Operating Agreement

GeoGlobal Resources executes the International Operating Agreement connecting to the offshore Israel license known as 388 "Samuel".

The Israel Petroleum Commissioner's office has informed an association that includes GeoGlobal, of the receipt of a petroleum license to this superficial water offshore license as per the former report on June 16, 2010

The Samuel license spans  an area of about 361 km2 and is situated in the Levantine Basin. The license extends into the Mediterranean Sea from the shoreline to a point around 10 kilometers off the western coast of Israel with water depths reaching around  100 meters.

According to the terms of the Operating Agreement, GeoGlobal can carry on the planned work program for this license and anticipates begining the three-dimensional seismic program in mid-April. Activity levels in Israel will increase when the agreement is executed.

Adira Geo Global (30% participating interest and Operator), Adira Oil Technologies (23.25% participating interest), Brownstone Venture (6.75% participating interest), Pinetree Capital (10% participating interest) and GeoGlobal (30% participating interest) hold the Samuel license.

Source: http://www.geoglobal.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 18). GeoGlobal Resources Executes International Operating Agreement. AZoMining. Retrieved on January 27, 2022 from https://www.azomining.com/News.aspx?newsID=3714.

  • MLA

    Scanlon, Joel. "GeoGlobal Resources Executes International Operating Agreement". AZoMining. 27 January 2022. <https://www.azomining.com/News.aspx?newsID=3714>.

  • Chicago

    Scanlon, Joel. "GeoGlobal Resources Executes International Operating Agreement". AZoMining. https://www.azomining.com/News.aspx?newsID=3714. (accessed January 27, 2022).

  • Harvard

    Scanlon, Joel. 2019. GeoGlobal Resources Executes International Operating Agreement. AZoMining, viewed 27 January 2022, https://www.azomining.com/News.aspx?newsID=3714.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit