Israel as an Energy Player? | Russell T. Rudy Energy LLC
The May 6’th issue of “Rigzone” reports that Dr. Harold J. Vinegar, former Chief Scientist at Shell, contends that “The same qualities which made Israel’s high tech sector a global success story could lead its energy sector to similar success.”
Dr. Vinegar is currently Chief Scientist at Israeli Energy Initiatives where he is involved in a number of onshore exploration programs, including an oil shale project in the Shfela Basin. Some estimates place reserves in the basin at 150 billion barrels of oil equivalent. These reserves would be in addition to the 35 trillion cubic feet of gas already discovered offshore. If initial estimates prove true, Israel could be on the brink of energy independence, with far reaching geopolitical implications.
To read the article in its entirety, please go to www.rigzone.com/news/oil_gas/a/132934/Former .
