VOL. XLVI

No 29

21-July-2003

ISRAEL

Yam Thetis Abandons Hanna-1 Offshore Well; Givot Olam Downbeat On Meged-4

Israeli oil and gas company Yam Thetis has abandoned the offshore Hanna-1 well after failing to find commercial quantities of hydrocarbons, according to a 10 July report in Globes newspaper. The decision came after Samedan Oil Corporation, which holds 47% of Yam Thetis and operated the well, recommended that it should be abandoned after reaching a depth of 4,034ms. Yam Thetis Israeli...