Givot Olam has been exploring in Israel for oil and gas since 1992. Following the discovery of the Meged Oil Field, in 2004, the Israeli Government granted the Company a production lease. 

  In February 2011, Givot Olam began oil and gas production testing of Meged-5, its first commercial well.

  Givot Olam is currently in the planning stages of the multi-well development and production of the Meged Oil Field