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Petrobras interested in tendering to explore for oil and gas offshore Israel

Monday, April 1st 2019 - 08:44 UTC
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A number of large gas discoveries offshore Israel and in eastern Mediterranean waters in the last decade have made Israel a potentially lucrative prospect A number of large gas discoveries offshore Israel and in eastern Mediterranean waters in the last decade have made Israel a potentially lucrative prospect

Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.

The possibility of Petrobras taking part in Israel's newest auction for offshore blocks was raised during a meeting in Houston earlier this month between Israeli Energy Minister Yuval Steinitz and his Brazilian counterpart Bento Albuquerque, Calcalist said.

A number of large gas discoveries offshore Israel and in nearby eastern Mediterranean waters in the last decade have made Israel a potentially lucrative prospect for big energy firms.

Israel is tendering 19 new offshore blocks to oil and gas companies. A previous auction elicited bids from only two groups of companies, and the energy ministry said it expected more to compete this time as conditions have improved.

Exxon Mobil Corp, in a major policy shift, is also considering bidding in the auction.

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  • :o))

    REF: “Petrobras interested in tendering”:

    THAT was a good one! Things are really getting more humorous! What's the next joke?

    Apr 01st, 2019 - 12:18 pm 0
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