Israel Extends Exploration Tender Deadline

Thursday, June 6, 2019

Israel on Thursday extended its tender by a month to grant new licenses for offshore oil and natural gas exploration.

The deadline for bids was due by June 17 but the Energy Ministry extended it until July 15, with the winners to be announced on August 12, it said.

The ministry said the extension was given due to requests from companies that bought documents for the tender process.

A number of large gas discoveries offshore Israel and in nearby eastern Mediterranean waters in the last decade have made Israel a potentially lucrative prospect for big energy firms.

Israel is tendering 19 new offshore blocks to oil and gas companies. A previous auction elicited bids from only two groups of companies, and the Energy Ministry said it expected more to compete this time as conditions have improved.

Brazilian state-run oil firm Petrobras will take part in the tender, Israel's energy minister said in March. Exxon Mobil Corp, in a major policy shift, is also considering bidding in the auction.


(Reporting by Steven Scheer; Editing by Tova Cohen)

Categories: Regulations Natural Gas Energy Middle East Activity Exploration

Related Stories

ExxonMobil awards $1.1B in Contracts for LNG project

Deepwater FIDs Set to Drive Sub-Saharan Africa Production Growth

Chevron Discovers Oil and Gas Condensate Offshore Angola

Current News

Norway Approves Request to Delay Offshore Wind Farm License Application

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

Alexandre de Gusmão FPSO Reaches Peak Production

Transocean Awarded $300 Million Contract for Ultra-Deepwater Drillship

Subscribe for OE Digital E‑News