Arab Israeli Conflict
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After months of negotiations, Woodside says that the parties failed to reach a commercially acceptable outcome.
If the consortium were to win the tender, Capricorn would own a 50 percent stake in the license, while the other half would be split equally between Delek Drilling and Avner with a 25% stake each.
Environmental groups have often voiced their concerns that petroleum in the region was likely “tight oil,” which could require non-conventional drilling procedures such as hydraulic fracturing.
The Society for the Protection of Nature in Israel petitioned the High Court of Justice on Tuesday.
By SHARON UDASIN
The project involves three years of exploration for conventional oil, north of Nahal El Al near Moshav Natur, a former kibbutz on the southern Golan Heights.
CEO frustrated that proposal for Shfela basin hydrocarbon exploration ‘deemed defective and non-comprehensive.’
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