Offshore Gas Drilling 311.
(photo credit: Courtesy)
Israel Land Development Company Energy Ltd., controlled by Ofer Nimrodi, has
bought rights in four offshore natural-gas exploration licenses from Delek Group
Ltd., Noble Energy Inc. and Isramco Ltd. In a separate deal, Modiin Energy LP
bought rights from Delek Group Ltd.
ILDC Energy bought 17.5 percent of
Delek’s and Noble Energy’s rights in the Alon E and Ruth D gas fields, in the
northern part of Israel’s maritime exclusive economic zone, near Tamar and
Leviathan, in exchange for participating proportionally in exploration expenses.
It bought 10% of the Daniel license from Isramco, in exchange for an option to
buy 5% of the rights in the Sarah license.
There has been great interest
in the Daniel license ever since Isamco announced several interesting drilling
prospects were found by a 3-D seismic survey on a 200- square-kilometer section
of license earlier this year. Isramco has declined to publish the survey’s data,
saying that the finding are only “leads” and do not include the geological
chances of success.