Israel's Sinai - Levant Basin comprises the eastern-most portion of the Mediterranean Sea along with the onshore region extending from the Sinai Peninsula to Syria. This report covers the offshore portion of the basin, which has two main plays: the deep Oligo-Miocene sandstones which are primarily in deepwater and ultra-deepwater, and the shallower Pliocene play which is most prospective in the shelf area. The potential for large gas field discoveries is excellent, with the petroleum system proven by the giant Tamar and Leviathan gas fields, which collectively hold 32 tcf of recoverable gas. However, the multi-tcf Zohr discovery in neighbouring Egypt will limit the gas export options for Israel gas. Israel's first bid round will open in November 2016 with a total of 24 blocks on offer.