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: Energy Middle East Activity Natural Gas Exploration Regulations

Related Stories

TVO Contracts 4C Global Consultancy to Support UK Clients

Israeli Firm Hires Assistance to Advance Portuguese Wave Energy Project

Alaska sues Biden Administration over ANWR Leases

Current News

Oil Dips on Larger US Crude Draw, Russia Sanctions

TVO Contracts 4C Global Consultancy to Support UK Clients

Protecting Employees in High-Risk Environments

Industry Award for Sustainable Drilling Waste Solution

Subscribe for OE Digital E‑News