Egypt launches new bid round for Mediterranean, Nile Delta oil and gas exploration - REUTERS

December 27, 20222:26 PM GMT+2Last Updated 2 days ago

CAIRO, Dec 27 (Reuters) - Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the state news agency reported on Tuesday.

The tender was set for 12 blocks, split evenly between onshore and offshore, and the deadline for offers in the bid round was set for April 30, 2023, the tender announcement showed.

Participation in a Tender for the Purchase of Oil and/or Gas Exploration Rights in Cyprus – Update - DELEK GROUP

Tel Aviv, January 3, 2017
Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”)

further to what is stated in the Company’s Immediate Report dated July 24, 2016 (ref. no. 2016-01-0088411) concerning submission of a bid for a tender issued by the Government of Cyprus for the acquisition of exploration rights for oil and/or natural gas in the Cyprus EEZ (“the Tender”), by a consortium including among others Avner Oil Exploration Limited Partnership and Delek Drilling Limited Partnership (together “the Partnerships”), provided below an Immediate Report published by each of the Partnerships with an update of the results of the Tender.

Egypt signs $220 mln of oil and gas deals - REUTERS

Wed Dec 28, 2016 | 11:00am GMT

Reporting by Ahmed Aboulenein; Editing by Giles Elgood and Mark Potter

Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP, and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.

The deals include drilling for six wells and a signing bonus of $9 million, the ministry said in a statement, and are the result of a tender called by Egyptian state gas board EGAS. They are all in exploration blocks in the Egyptian Mediterranean Sea.

The first deal, with a consortium of BP and IEOC, is worth $75 million for an exploration block in the North Ras El Esh block; the second, with a consortium of all three companies, is in the North El Hammad block and is worth $80 million, and the third, with BP alone, is in the [North El Tabya] block and worth $65 million.

Israel approves sale of offshore gas rights to Greek firm - TIMES OF ISRAEL

December 6, 2016, 10:37 pm
BY AFP, Times of Israel staff contributed to this report

Noble Energy and Delek’s $150 million deal with Energean aims to resolve anti-trust issues
Israel gave the green light on Tuesday for the sale of two gas fields in the eastern Mediterranean to the Greek firm Energean, Energy Minister Yuval Steinitz announced.

The two fields, named Karish and Tanin and estimated to hold 60 billion cubic meters (2.1 billion cubic feet) of gas, had initially been allocated to a consortium grouping US firm Noble Energy and the Israeli group Delek, which already control two much larger fields.

“We have decided to put an end to this monopoly situation,” Steinitz told public radio, explaining the consortium’s sale of exploitation rights in the two fields to Energean for $150 million (NIS 570 million).

Delek, Noble to return Cyprus Block 12 rights - GLOBES

16/05/2016, Hedy Cohen

Delek and Noble Energy will retain rights to the Aphrodite natural gas field that they have already discovered.

Delek Group Ltd. (TASE: DLEKG) and Noble Energy Inc. (NYSE: NBL) are expected to hand back exploration rights in Block 12 to the Cypriot government. The two companies have held the rights for seven years and are supposed to continue exploration drilling but have not done so, and next week the rights expire.

Delek and Noble Energy have already discovered the Aphrodite field in Block 12 containing 125 billion cubic meters (BCM) of natural gas and nine million barrels of condensate. It is the only gas field to date discovered in Cyprus Shell and Noble energy each hold a 35% stake and Delek holds 30% (Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) each have a 15% stake).