Givot says Meged 5 has potential to produce 1,400 barrels of oil per day
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Givot Olam Oil has released its assessment of the oil production rate for the Meged 5 drilling site, after being requested by the Israel Securities Authority to clarify its report that 785 barrels of oil can be produced from a single section of the site per day. The company estimates that Meged 5 has the potential to yield as much as 1,400 barrels of oil a day overall. (Shoham Levy, Calcalist)
