31 October 12 12:16–No Israeli company won a license in the Cypriot tenders for offshore exploration licenses. Fifteen bids from five companies and ten from joint ventures were submitted in the second licensing round.
Four consortia won the tenders: Italy’s ENI SpA (BIT: ENI; NYSE: E) and South Korea’s Korea Gas Corporation (Kogas) (KSX: 36460) won the licenses for blocks 2 and 3; a consortium of France’s Total E&P Activities Petrolieres SA, Switzerland’s Novatec Overseas Exploration & Production GMbH, and Gazprom subsidiary GPB Global Resources BV won the license for Block 9; and Total E&P Activities Petrolieres won the license for Block 11. The contiguous blocks lie north and northeast of Block 12, where Noble Energy Inc. (NYSE: NBL) and Delek Group Ltd. (TASE: DLEKG) have a license.
Delek, controlled by Yitzhak Tshuva, jointly bid in a tender for a block with Australia’s Woodside Petroleum Ltd. (ASX: WPL), and Italy’s Edison SpA and Enel SpA (BIT: EMEL). Other Israeli companies in the tenders were Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), Modiin Energy LP (TASE:MDIN.L), Israel Opportunity Energy Resources LP (TASE: ISOP.L) sister company Cyprus Opportunity, Israel Land Development Company Energy Ltd. (TASE: IE), and a consortium of Alon Natural Gas Exploration Ltd. (TASE: ALGS) and Sigma Exploration Ltd.
Clal Finance analyst Yaron Zar told “Globes”, “There is no doubt that international companies have put the region on the map, and the government should pay attention, and expedite the regulatory handling of the industry and promote the entry of a foreign partner into Leviathan.”…Read More>>