Heletz History

  • The Heletz field is a complex of three fields, Heletz, Brur, Kokhav, is located nearly 55 km south of Tel Aviv and 12 km east of the Mediterranean coast line.
  • The license area covers approximately 60,000 acres.
  • Heletz was the first oil field discovered in the eastern Mediterranean and remains Israels most significant oil-producing field.
  • The first well (Heletz 1) was drilled to a depth of 1515 meter and recognized as a producing well on 12 October 1955.
  • Initial production was approximately 400 barrels per day; oil was 29 API.
  • The main stages of Heletz oil field development, were:
    • 1955-1962: Drilling of 29 development and step out wells in the Helez area and 6 wells in the Brur area.
    • 1962-1968: The drilling of 25 additional wells, following the oil discovery of Kokhav 1.
    • 1969-1983: 7 wells were drilled.
  • 88 wells were drilled during the lifetime of the Lease over an area of 4,500 acres, 59 of which were deemed producing wells.
  • Peak production was between 1959-1967 when annual production was between 1 and 1.5 million barrels (3,000 to 4,200 BOPD).
  • Today 6 wells remain capable of producing approximately 60 barrels per day.

Historical Production

  • The original oil-in-place (OIP) was estimated at 50.7 MMbbl for the sand reservoirs.
  • 19.1 MMbbl est. primary recoverable reserves.
  • 17.1 MMbbl has been produced to date.

  • Production primarily from Heletz sandstone intervals (the K W A and Z sands)
  • Minor production from the Kokhav Dolomite and top of Jurassic Limestone.
  • Permeability ranges from 30-2000 md (50md avg).






(c) copyright 2007 - Avenue Group, Inc. - Web Design by Braintoaster Interactive

Home Home About Us Projects Investor Relations Contact Us