OIL AND GAS
IN THE LAND
The company's founders spent in excess of 1.5 million US$ over a 10 year period, preparing a detailed regional seismic analysis before submitting the application for the exploration license.
Their goal was to initially identify the exploration prospects and the best prospective acreage for onshore oil. This is the same methodology, adopted by the largest oil companies in the world. The founders wanted to fully understand the geological nature of the region and to identify its oil and gas prospects. The analysis focus was regional – thousands of square kilometers – in an attempt to discover large onshore oil accumulations.
Genesis Israel's approach was to make sure that the license has a high probability of containing oil BEFORE requesting an exploration license. Therefore the request for the license was submitted only when preliminary prospects of the analysis exhibited low exploration and production costs, and when sights with large reservoirs and multiple target horizons were sought for drilling.
Genesis Petrocorp is dedicated to environmental protection and it engages only with high quality professional contractors.
Genesis received a full license in January 2016 for the area scientifically identified as having a giant oil and gas reservoir, off shore the Heletz produced oilfield.
Highly experienced directors and management in the petroleum industry with vast international experience in leading companies, such as: Exxonmobil, Amoco, Mobil, Superior, INOC, Centric.
BOARD OF DIRECTORS
CHAIRMAN OF THE BOARD
DIRECTOR AND LICENSE PARTNER (Through UNIMAX LTD.)
FORMER CHAIRMAN AND ADVISOR
P.O.B 223, Israel, 7983000