Zion Oil & Gas Enters Critical Exploration Phase at Megiddo-Jezreel

Zion Oil, Gas US9896961094

Zion Oil & Gas has resumed field operations at its Megiddo-Jezreel license area in Israel, moving into a pivotal stage of its exploration program. The company’s technical teams arrived on site at the MJ-01 and MJ-02 well locations at the start of January and are now implementing preparatory work for upcoming drilling activities. Investor attention is fixed on whether the planned technical procedures will yield significant progress in reservoir evaluation.

The immediate focus for operations is on essential maintenance and site upgrades. To ensure an uninterrupted power supply for the demanding deep-drilling operations ahead, the rig’s generator system has undergone a comprehensive upgrade. This foundational work is a prerequisite for the more complex technical phases planned for the MJ-01 and MJ-02 wells.

At the MJ-01 well, operations are centered on wellbore clean-out and the isolation of water-bearing zones. These steps are part of the company’s compliance with mandates from Israel’s Ministry of Energy, which also require the installation of specialized monitoring wells. Furthermore, before any major work expansion, the drilling rig must complete a mandatory five-year recertification process to meet international safety standards.

MJ-02 Well: A Strategic Shift to Horizontal Drilling

The core operational strategy for the coming months revolves around the MJ-02 well. Management plans to initiate a targeted horizontal drill into the reservoir’s primary target zone, following the sealing of the lower well sections. This approach, coupled with subsequent reservoir stimulation, is considered crucial for sustainably enhancing production potential. The success of these measures is viewed as a key determinant for assessing the broader commercial viability of the Megiddo-Jezreel license.

• Site Mobilization: January 3, 2026
• Current Priority: Rig maintenance and generator system upgrade
• MJ-01 Operations: Wellbore clean-out and groundwater protection
• MJ-02 Plan: Horizontal drilling and target zone stimulation
• Next Key Date: Quarterly report expected March 25, 2026

The publication of the quarterly financial report on March 25, 2026, represents the next significant milestone for stakeholders. This disclosure is anticipated to provide detailed insights into the company’s financial position and a precise timeline for the horizontal drilling campaign. Until then, the pace of the overall exploration program hinges on the seamless completion of the current technical inspections and preparatory work.