Israel launches first offshore licensing round Report

Insight 17 November 2016

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Report summary

Israel is offering 24 offshore blocks in its first ever bid round. The blocks on offer in the gas prone Levant basin includes acreage near the giant Tamar and Leviathan discoveries as well as near the Egyptian maritime border, close to Eni’s Zohr discovery. We expect constrained demand in Israel and the lack of clear export routes to dampen investors' enthusiasm for the round, despite excellent prospectivity.

24 blocks in a prolific basin with market risk
Terms and conditions
- Timeline
  - Data available
  - Pre-qualification
  - Bid evaluation and sincerity fees
  - Prospectivity analysis
  - Economic analysis
    - Fiscal regime
      - Gas policy and commercialisation challenges
      - Costs and field size key to value
      - Round expectations
      - Appendix