Tel Aviv-listed Delek Drilling has completed the acquisition of 25% stakes in two onshore licences in Israel, writes Iain Esau.
Delek’s local partners in the New Ofek licence near Haifa and New Yahel licence close to Tel Aviv are operator Globe Exploration on 20% and Capital Point on 10%, while SOA Energy’s stake has fallen from 70% to 45%.
According to Israel’s Ministry of Energy, the two licences lie near the coast and are due to expire in June.
