Greek energy firm Energean said on Oct. 31 it signed three new deals to sell natural gas from the Karish and Tanin offshore fields to Israeli companies.
The deals were signed with Dorad Energy Ltd. and two subsidiaries of the Edeltech Group, Ashdod Energy Ltd. and Ramat Negev Energy Ltd.
Energean’s deal with Dorad is for the supply of up to 6.75 billion cubic meters (Bcm) of gas over at least 14 years, while Ashdod and Ramat Negev will get up to 2.65 billion cubic meters together. Financial details for the deals were not included.
The Karish and Tanin fields, located off the coast of Israel, are expected to go online in 2020.
Energean has signed deals for a total of up to 33 Bcm in volume, securing revenue of approximately $3 billion.
Recommended Reading
Marketed: Wylease AFE Asset Packages in Johnson County, Wyoming
2024-04-29 - Wylease LLC has retained EnergyNet for the sale of three Niobrara Shale AFE (authorization for expenditure) packages in Johnson County, Wyoming.
M&A Spotlight Shifts from Permian to Bakken, Marcellus
2024-04-29 - Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.
C-NLOPB Issues Call for Bids in Eastern Newfoundland
2024-04-29 - Winners of the Call for Bids No. NL24-CFB01 will be selected based on the highest total of money the bidder commits to spend on exploration of a parcel during the first six years of a nine-year license.
Tivoli Midstream Buys Southeast Texas Coast Infrastructure
2024-04-29 - Tivoli Midstream acquired the Chocolate Bayou from Ascend Performance Materials, including storage and land for development.
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
2024-04-29 - Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.