Changes

! Age || Field or Show # (show=*) || Field or Show Name || Petroleum System || Year of Discovery || Reservoir Name or Formation || Reservoir Type || Hydrocarbon Type || Trap Type || Source Rock || Seal Rock || Produced by 2001 (MMBO &/or BCFG) || Recoverable Resources (MMBO &/or BCFG)

! Age || Field or Show # (show=*) || Field or Show Name || Petroleum System || Year of Discovery || Reservoir Name or Formation || Reservoir Type || Hydrocarbon Type || Trap Type || Source Rock || Seal Rock || Produced by 2001 (MMBO &/or BCFG) || Recoverable Resources (MMBO &/or BCFG)

|-

|-

| Quaternary || 27 || Hula || Hula || 1991 || Huyla Sand || Continental [[sandstone]], [[coal]] || Gas || [[Structural]]/[[stratigraphic]] || Hula Formation || Hula marl || 0.01 || 0.2

| Quaternary || 27 || Hula || Hula || 1991 || Huyla Sand || Continental [[sandstone]], [[coal]] || Gas || Structural/stratigraphic || Hula Formation || Hula marl || 0.01 || 0.2

|-

|-

|    || 26 || Ashdod Gas || Yafo || 1976 || Kurkar Yafo || calcarenite || Gas || Stratigraphic || Saqiye Group || Saqiye Group || 0.37 || 1.5

|    || 26 || Ashdod Gas || Yafo || 1976 || Kurkar Yafo || calcarenite || Gas || Stratigraphic || Saqiye Group || Saqiye Group || 0.37 || 1.5

|}

|}

The 60-year-old story of Israel’s petroleum industry is one of many rises and falls. Periods of drilling success were followed by [[dry well]]s and suspension of exploration activity, at times influenced by geopolitical instability, unfavorable fiscal regime, and lack of capital investment. Once government owned, the three Israeli oil companies, INOC (Israel National Oil Company), Naphta, and the Lapidoth Oil Prospectors, were fully privatized during the 1990s.

The 60-year-old story of Israel’s petroleum industry is one of many rises and falls. Periods of drilling success were followed by [[dry]] wells and suspension of exploration activity, at times influenced by geopolitical instability, unfavorable fiscal regime, and lack of capital investment. Once government owned, the three Israeli oil companies, INOC (Israel National Oil Company), Naphta, and the Lapidoth Oil Prospectors, were fully privatized during the 1990s.

The recent, offshore drilling success has attracted major capital investment and has resulted in a surge of exploration activity ([[:file:M106Ch06Fig03.jpg|Figure 2]]) with the participation of internationally based oil companies. In the coming decade new targets will be drilled in the Levantine Basin offshore Israel which may lead to an increase in gas reserves and possibly prove the potential for the production of oil, previously discovered in several offshore wells ([[:file:M106Ch06Fig02.jpg|Figure 1]]). For the first time in its history, Israel has the prospect of supplying its own energy needs and even becoming an exporter of natural gas.

The recent, offshore drilling success has attracted major capital investment and has resulted in a surge of exploration activity ([[:file:M106Ch06Fig03.jpg|Figure 2]]) with the participation of internationally based oil companies. In the coming decade new targets will be drilled in the Levantine Basin offshore Israel which may lead to an increase in gas reserves and possibly prove the potential for the production of oil, previously discovered in several offshore wells ([[:file:M106Ch06Fig02.jpg|Figure 1]]). For the first time in its history, Israel has the prospect of supplying its own energy needs and even becoming an exporter of natural gas.