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Historical Overview
Geological Model
Reservoir Stimulations Financial Overview
Historical Overview
Globe exploration is oil & gas exploration and development company
established in 2009.
The company has 3 exploration blocks licensed in Israel and a well
geological layers where oil & gas production has been proven.
Geological Model
Geological model
In 1993 a well called David-1 was drilled in Ofek license(Modiin
North in the Past). The well Penetrated the Triassic and Permian layers to total depth of 5998m.
During drilling the Permian layer, mud gas shows were observed up to
Geological model
Logs results by Loren & Associates showed Gross Pay of 325 meters
and estimated 1.5 to 1.8 TCF of gas in place assuming 30 km2 structure as seen in seismic from 1993.
Schlumberger reported 333 meters of Gross Pay and estimated Net pay
of 73 meters, porosity in the range of 2% - 6%(average 4.5%), permeatility of 2 to 5 mD and Hydrocarbon saturation higher than 75% through all the Gross Pay.
Production Test were no carried due to casing collapse above the
Permian section.
Geological model
Source Rock:
In the Meged field which is structured right by Globes exploration Ofek license quality oil and gas has been found and produced (about 400,000 bbl to date from single well site, 40 more are planned to be drilled in that field), the oil was analyzed for biomarkers by Geomark Research, Inc. in Houston, Texas and found to be of Silurian Source capable of charging Permian & Triassic traps in the area.
Geological model
Reservoir Rock:
As seen in drill cutting and Wireline logs, the reservoir rock is Dolomite\Limestone Grainstone facies.
The reservoir rock is similar in many aspects to the Khuff formation
which is a major gas producing formation through the middle east. The similarity shows in age, lithology, porosity type(micro-fractures, intergranular),environment of deposition and kerogen type.
David 1 lithology log
Geological model
Structure: Old seismic section showed faulted block structural trap 30 km2 in size. New interpretation(PSDM) from end of 2010 indicate the block is up to
50 km2 in size.
Reservoir Stimulation
Reservoirs of similar kind(Khuff Formation) are stimulated very
Arabia), the study shows that khuff formation undergoes fracture acidization improve production greatly.
Reservoir Stimulation
Conclusion of Schlumberger and Saudi Aramcos study from paper
Financial Overview
Currently the company holds a net sum of 3 million USD$ after drilling
project.
Well to Permian costs 15 million USD$ and well to Triassic about 8
million USD$.
Financial Overview
Ofek license area is close to existing gas infrastructure and PRMS stations.
In 2016 it is assumed Tamar gas field could not support all the domestic needs
of Israel.
Tamar Field was announced as a monopoly which makes it easier enter the
market.
Gas Pipeline and infrastructure is considered in Israel as National