Israeli Delek Group Ltd announced Sunday that its gas and oil exploration units Avner Oil and Gas LP and Delek Drilling LP have bid for Cyprus` Exclusive Economic Zone third licensing round for hydrocarbon exploration on blocks 6, 8 and 10.
According to “Globes” website, winning such a bid would be synergistic to its operations in Israel`s offshore gas fields.
The bid by the Delek units was submitted as part of the Capricorn Oil consortium. Capricorn is the consortium`s operator and is a unit of Cairn Energy, which is traded on the London Stock Exchange under the CNE ticker.
Energy Minister Yiorgos Lakkotrypis announced last Friday that the Ministry received a total of six bids from eight companies for its third licensing round for offshore exploration in blocks 6, 8 and 10 of Cyprus` Exclusive Economic Zone (EEZ).
The names of the interested companies and consortia will be announced next Wednesday, July 27th, after the Minister will have officially informed the Cabinet.
Source: CNA
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