National Infrastructure, Energy and Water Minister Yuval Steinitz takes reporters to a drilling rig that’s moving Israel’s natural gas industry forward.
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.
Drilling will begin in 2016's last quarter and connect to the 282 billion-cubic-meter reservoir's infrastructure.
In July, the Afek Oil and Gas firm confirmed the presence of hydrocarbons at the site.
Government encouraging international collaborations
Replacing energy giants with competitors in natural gas basin is physically impossible, says antitrust commissioner.