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

AKOFS Offshore Inks New Vessel Deal with Petrobras

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Chevron Enlists Subsea7 for Mediterranean Sea Job

Current News

Ndungu Full-Field Starts Up Offshore Angola

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

AKOFS Offshore Inks New Vessel Deal with Petrobras

UK Trade Body Challenges Government View on North Sea Gas Decline

Subscribe for OE Digital E‑News