Gulf Oil and Gas accountACCOUNT

Energean Awarded Four Licences for Oil & Gas Exploration in Israel

Source: www.gulfoilandgas.com 7/31/2019, Location: Middle East

Energean Oil and Gas plc (ENOG) is pleased to announce that Israel’s Petroleum Council has awarded the Company four new licences for oil and gas exploration in the Israeli EEZ.

Energean submitted its proposal in partnership with Israeli Opportunity (20%).

The awarded Licences were granted for Block D, located 45 km off the Israeli coast – and include Licences 55,56,61,62 (Zone D), offered in the recent Bid Round published by the Israeli Ministry of Energy. Energean has identified a prospect within Zone D analogous to the prolific Tamar Sand fields (Karish, Tamar, Leviathan etc) offshore Israel. The prospect is believed to extend towards the SW of the license contingent to further seismic processing. A relatively shallow Mesozoic prospect was also identified (four way closure).

Mathios Rigas, CEO of Energean, stated: “Energean has proven its ability and commitment to explore and develop resources in a timely and cost efficient manner in the East Med. The addition of the 4 new licenses contained in Zone D adds further upside potential to our portfolio”.

Acquisitions and Divestitures News in Israel >>

United Kingdom >>  9/19/2019 - Jersey Oil & Gas (JOG) is pleased to announce formal completion of the requisite documentation in respect of the previously announced blocks awarded t...
United States >>  9/19/2019 - Talos Energy Inc. (Talos) (TALO) announced that it has entered into two separate agreements with BP plc (BP) and Exxon Mobil Corporation (ExxonMobil) ...

Australia >>  9/18/2019 - Emperor Energy Limited (EMP) is pleased to advise it has entered into a sale and purchase agreement to sell its offshore Retention Lease, Cryano R3. ...
Morocco >>  9/18/2019 - Europa Oil & Gas (Holdings) plc is pleased to announce that it has been awarded a new Exploration Permit (‘Inezgane Offshore Permit’ or ‘the Licence’)...

Saudi Arabia >>  9/18/2019 - The Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASR...
Iran >>  9/15/2019 - In the course of the ceremony held for concluding the contract for development of Balaal Gas Field, the Managing Director of Petropars Group stated, “...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Israel Oil & Gas 1 >>  2 | 3 | 4 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.