Israel to open up offshore for exploration

Israel’s energy ministry has been given the go ahead to open up its offshore territory to explorers once its new gas regulatory framework comes into effect Israel’s energy ministry has been given the go ahead to open up its offshore territory to explorers once its new gas regulatory framework comes into effect.
By Rachel Williamson 20 November 2015 0 18382
Noble Energy and Transocean rig in the Tamar field, between Cyprus and Israel. (Transocean)

Israel plans to open up more of its offshore territory to explorers when its new gas regulatory framework comes into effect at the start of next year, according to Yuval Steinitz, the minister of national infrastructure, energy and water resources.

Steinitz told the Universal Oil and Gas conference in Tel Aviv on Tuesday by announcing that he had already instructed his ministry to open up the country’s exclusive economic zone for new exploration.

He said only 25% of the country’s waters had been explored for hydrocarbons, and...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up