Delek looking to scale back interests in offshore Israel gas leases

Offshore staff

TEL AVIV, Israel – Delek Group is in negotiations for a partial transfer of rights in the I/12 Tamar and I/13 Dalit leases offshore Israel.

The sale would depend on the raising of debt and capital in the framework of an offering, to local and foreign investors, of shares and bonds of Tamar Petroleum on the Tel Aviv Stock Exchange.

Last week the field partners agreed to sell 9.25% of both leases to Tamar Petroleum, pending completion of various conditions.

These include approval byIsrael’s Petroleum Commissioner at the Ministry of National Infrastructures, Energy and Water Resources.

Interests in theTamar and Dalit leases after closing of the transaction contemplated in the agreement would be as follows:

07/06/2017