Middle East Economic Survey


No 22



Zion Extends Drilling Contract With AME

Zion Oil and Gas has signed an extension to its drilling contract with Aladdin Middle East (AME), it announced on 25 May. AME will drill the Maʹanit Joseph-3 well on the onshore Joseph block in Israel, beginning in August. The well is intended to be the first in northern Israel to enter the Permian layer, and will be drilled to a depth of 18,000ft. The amended drilling contract will form the...