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

DOF Group Wins Contract Award in APAC Region

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Current News

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Marco Polo, Siemens Gamesa Ink Two-CSOV Framework Agreement

Subscribe for OE Digital E‑News