Energean grabs four new licenses off Israel

Energean grabs four new licenses off Israel
Image courtesy of Energean

Mediterranean-focused oil and gas producer Energean Oil and Gas has been awarded four new licenses for oil and gas exploration in Israel’s Exclusive Economic Zone (EEZ).

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

The awarded licenses were granted for Block D, located 45 km off the Israeli coast – and include licenses 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) 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).

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