Israel is set to launch its first offshore licencing round in a bid to rejuvenate is energy portfolio.
The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR) will embark on a roadshow, touting all it has to offer. Bid schedules, guidelines, fiscal policies, legal structure and a technical overview will be covered in the roadshows.
MIEWR will offer 24 blocks for bid in Israel’s offshore waters of the Levant Basin, located in the Eastern Mediterranean Sea. The blocks, some of which are adjacent to recent major gas discoveries, are a maximum size of 400 km2, and sit in water depths of between 1,500 meters and 1,800 meters.
The roadshow will include stops in London, Singapore and Houston.
IHS Energy is acting as an adviser for the round.
“We are pleased to assist the MIEWR with the facilitation of its road shows for Israel’s first licensing round,” said Tim Hemsted, managing director, upstream energy consulting for IHS Energy.
“We look forward to bringing together government representatives with members of industry and representatives of oil companies to discuss the blocks on offer.”
Private meetings can also be arranged on the days.