Greece’s Energean Oil & Gas announced on December 13 that Energean Israel has been awarded five offshore exploration licences within the Israeli Exclusive Economic Zone (EEZ) by the Israeli Petroleum Commissioner following a recommendation by the Petroleum Council. The initial exploration period under each Licence is three years.

The awarded Licences comprise blocks 12, 21, 22, 23 and 31, which were published for bid-ding in the recent First Israeli Offshore Bid Round. The blocks are loca...

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