ƶijϻ

Energean Snaps Up Four Israeli Licenses

Wednesday, July 31, 2019

Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday.

"Energean has identified a prospect within Zone D analogous to the prolific Tamar Sand fields (Karish, Tamar, Leviathan etc) offshore Israel," Energean said, referring to existing discoveries.

Energean had bid for the licenses with Israeli Opportunity which holds 20% in them.

Earlier this month, Energean agreed to buy the oil and gas division of Italian energy company Edison for up to $850 million.

The other consortium to have bid for the Israeli offshore licenses was made up of Cairn Energy, SOCO International and Israel's Ratio Oil. 


(Reporting by Shadia Nasralla, editing by Louise Heavens)

Categories: Middle East Deepwater Activity Natural Gas

Related Stories

Aramco Inks Multiple Deals with US Firms Worth $90B

Aramco Sees Profit Drop in First Quarter 2025

ConocoPhillips’ First Quarter Profit Beats Estimates

Current News

Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel

Vår Energi Gets All Clear for Drilling Op in Norwegian Sea

Kraken Robotics’ Expansion Continues

Inside Balmoral Comtec’s New Wave & Current Simulation Center

Subscribe for OE Digital E‑News