Friday, August 23, 2019

Israel Takes Bids for Offshore Exploration

Posted by November 15, 2017

Israel said on Wednesday it received bids to explore for oil and gas in its economic waters from Greece's Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources , Indian Oil Corp and Oil India.
Israel hoped it would draw 2-3 foreign firms to come drill in 24 new offshore blocks in its latest bidding round that opened a year ago.
Israel's Energy Ministry said it would spend the coming weeks examining each bidder's offer and work plan before making a final decision. It said it will hold another bidding round next year.

(Reporting by Ari Rabinovitch)

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