Zone “D”

In July 2019, Israel Opportunity was successfully awarded Block D (together with another partner), which includes four new offshore exploration licenses, as part of Israel Ministry of Energy’s 2nd offshore bidding round.

Discoveries in Israel

Validity

October 27th, 2022 (extendable by two consecutive periods of two years each, subject to the fulfillment of the provisions of the law and licenses).

Partners

Israel Opportunity Energy Resources, LP – 20%

Energean Israel Limited – 80%

Operator

Energean Israel Limited

Location

About 45 km west of Israel’s shoreline.

Prospects

The operator has identified a prospect within Zone D analogous to the prolific Tamar Sand fields (Tamar, Leviathan etc.) offshore Israel.
The prospect is believed to extend towards the south-west of the Zone contingent to further seismic processing.
A relatively shallow Mesozoic prospect was also identified.

Major Milestones

Seismic Data Processing, Seismic Interpretation.