Energean confirms five further offshore Israel licenses

Offshore staff

ATHENS, Greece – Israel’s Petroleum Commissioner has awarded Energean Oil & Gas five offshore exploration licenses within the Israeli exclusive economic zone of the Mediterranean Sea.

This follows a recommendation by the country’s Petroleum Council. For each license, the initial exploration period runs for three years.

Blocks 12, 21, 22, 23, and 31 were made available under the recentfirst Israeli offshore bid round. They are close to Energean’s Karish and Tanin gas fields development.

The acreage appears to be prospective, Energean, says, and commercial discoveries could be developed via tiebacks to the FPSO servingKarish/Tanin.

12/14/2017