Israel

Israel is one of the most interesting areas in the Eastern Mediterranean (Levantine Basin) for hydrocarbon exploration. In the last decade, several Bcm of gas have been discovered in the Israeli offshore.

Israel

Edison’s activity started in 2011 with a regional study and in 2012 Edison negotiated with Ratio Oil the farm-in in the GAL permit which was transformed by the oil commissioner into two separate licenses, Neta and Royee, in 2013. Then the geological studies and analysis started, followed by the activities to define the location for a possible well to be drilled. In August 2015, due to the low potential, the JV relinquished the Neta block and focused the exploration effort on the Royee block. The deadline for the spud of the exploration well is December 2017.