After more than a year, 'Leviathan' partners expect to sign the deal with 'Woodside'
According to 'Globes' magazine, Woodside will pay $3 billion for 30% of the Leviathan gas field.While under the original terms the deal was worth $2.5 billion, the newly expected deal will be worth $3 billion, valuing the Leviathan field at over $9 billion. The deal is expected to be signed in the first week of February.
'Tamar' partners announce that the 'Tamar SW' reservoir contains double than the initial estimation
According to NSAI, Tamar SW contains approximately 1 TCF of natural gas, double the initial estimate announced at the beginning of December 2013. The updated estimation increases the total amount of gas in
Tamar reservoirs by 15%. The increase may lead to a shift in the decision regarding the export from Tamar by the FLNG facility. Previously, the partners announced that 'Gazprom' signed in MOU on purchasing liquefied gas from the 'Tamar' partners.
Ratio in negotiations to join 'Sara' and 'Mira' licenses
Ratio Oil Exploration (1992) Limited Partnership entered negotiations with one of the partners in 'Sara' and 'Mira' licenses. In 2012, one exploration drill was carried out in each of the licenses that revealed a negligible amount of gas in each of the target strata.
Energy activities from Delek group is expected to be split off by June 2014
'Delek Group' is in advanced negotiations to sign an agreement with Goldman Sachs and Wells Fargo, which will serve as underwriters and lead to split of the Energy activities from the group, probably including the issue of the energy activities in the London Stock Exchange.
Antitrust Authority orders 'Delek' and 'Noble' to sell 'Karish' and 'Tanin'
According to 'Globes', the settlement agreement being formulated between the Antitrust Commissioner and 'Delek Group' and 'Noble Energy' regarding the binding arrangement will force the Delek Group and Noble Energy to sell the exploration licenses, 'Alon A' and 'Alon C', where 'Tanin' and 'Karish' discoveries are located.
Cyprus seeks to purchase gas for a period of up to 10 years
Cyprus's Natural Gas Public Company issued a $3 billion tender to supply 0.6-0.8 BCM of natural gas annually to the country for the next 10 years, beginning in January 1st 2016. The Israeli suppliers have a strong chance of winning this tender as they can meet Cyprus's expectations.
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and the Company or any of its subsidiaries are not responsible for the accuracy and completeness of information provided herein. The information provided
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consequential loss or damage with respect to relying on the information herein. Please note that the above information is as of February 1st 2014.