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Israel launches first offshore licensing round

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17 November 2016

Israel launches first offshore licensing round

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.

Table of contents

  • 24 blocks in a prolific basin with market risk
    • 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

Tables and charts

This report includes 13 images and tables including:

  • Attractive fiscal terms, but limited route to market
  • 24 blocks on offer in the Levant basin
  • Map of offered acreage
  • Licensing round schedule
  • Biddable parameters
  • Discoveries and success rate
  • Cumulative volumes discovered
  • Fiscal benchmarking of comparable terms
  • Windfall profits tax
  • Impact of price and cost on investor returns
  • Impact of price and size on investor returns
  • Development assumptions
  • Israel launches first offshore licensing round: Table 5

What's included

This report contains:

  • Document

    Israel launches first offshore licensing round

    PDF 435.47 KB

  • Document

    licensing round open.xls

    XLS 339.00 KB

  • Document

    Israel launches first offshore licensing round

    ZIP 538.65 KB

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