Noble-led group to contest Israel’s Dolphin verdict

Delek Group says the Petroleum Commissioner at Israel’s Ministry of Infrastructures, Energy and Water has decided not to recognize the Dolphin natural gas field in the offshore license 351/Hanna area as a discovery.

Jul 26th, 2016

Offshore staff

TEL AVIV, Israel – Delek Group says the Petroleum Commissioner at Israel’s Ministry of Infrastructures, Energy and Water has decided not to recognize the Dolphin natural gas field in the offshore license 351/Hanna area as a discovery.

The license partners, however, are of the opinion that they have found a discovery that entitles them to receipt of a lease in accordance with the provisions of the Petroleum Law.

Accordingly, they intend to review available legal options, including filing an appeal on the Commissioner’s decision.

Partners in license 351/Hanna are:

  • Noble Energy Mediterranean 39.66%
  • Avner Oil Exploration 22.67%
  • Delek Drilling 22.67%
  • Ratio Oil Exploration (1992) 15.00%.

07/26/2016

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