Israeli drillers say they struck oil

An Israeli oil exploration team said it has found oil at a drilling site north of the Dead Sea.

The group digging the Tzuk Tamrur 4 oil exploration well said Sunday that it did not know how much oil was located at the site and whether it was enough for commercial purposes, according to reports.

Delek Group Ltd. subsidiaries Avner Oil and Gas and Delek Drilling, together with Zerah Oil and Gas Explorations, began drilling the well last October, according to the Israeli business daily Globes.

The well has been dug to 6,700 feet; the group plans to dig now to 7,000 feet. Once it reaches that depth, the group will decide whether to continue with production tests.