Givot hires Romanian co to develop Meged oil field

Drilling is scheduled to begin in February 2013.

Givot Olam Oil Exploration LP (TASE:GIVO.L) is moving forward on the development of the Meged oil field near Rosh Ha'Ayin. The company notified the TASE today that it has hired Romanian-registered company SC Dafora Group SA to develop the oil field.

Drilling of the first well is scheduled to begin on February 15, 2013, subject to Givot obtaining all the necessary permits and Israeli work permits for Dafora's employees.

Published by Globes [online], Israel business news - www.globes-online.com - on September 24, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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