Caspian Drilling Company Ltd. (CDC) began exploration drilling in Israel.

Caspian Drilling Company Ltd. (CDC), which operates the project to develop the perspective structure "Shemen" offshore Israel, began its work on the drilling of the first exploration well on that structure. Perspective structure "Shemen" consists of two blocks. According to the stipulated term, the drilling of the first exploration well is planned to be completed within six months, after which the drilling of the second well is planned on the second block. The design depth of the first exploration well is five thousand eight hundred meters. CDC along with its partners has another license for conducting works on the Israeli perspective offshore structure "Oz." Earlier the three-dimensional seismic surveys were conducted and its results are now under the interpretation, which will be completed in January of the next year.