VOL. XLV

No 38

23-September-2002

ISRAEL

Oil Fields/Ratio Oil Exploration Abandon KishonYam-1 Well

Israeli independent explorationcompanies Oil Fields and Ratio Oil Exploration have abandoned the Kishon Yam-1 well after two weeks of drilling, the Israelinewspaper Globes reported on 1September. The well was drilled to a depth of 1,800ms but found no hydrocarbonreserves. The well, located 20km to the northwest of Haifa, was inthe Asher Yam North concession, held by Oil Fields (89.4%) and Ratio...