The well was drilled to a depth of 5,652m in 1,107m of water.
The well is located in Israel’s block 370 Ishai prospect, on the country’s offshore border with Cyprus.
To confirm the existence of significant hydrocarbons signs, AGR conducted test which includes measurements while drilling and wireline logs including electrical, radioactive, magnetic and seismic tests.
The company also conducted lithological tests (cuttings and side wall cores) and composition and pressure tests of gasses and fluids.
AGR holds a 5% operating interest in the license, while Israel Opportunity Energy Resources, Nammax Oil & Gas, Frendum Investments and Daden Investment hold 10%, 42.5%, 33.5% and 9% interest, respectively.
