Middle East Economic Survey


No 39



Delek And Avner Oil Look To Cyprus Waters After Tamar Gas Discovery

Two Israeli partners in the consortium that made the offshore Tamar gas discovery, announced in January, are hoping to farm into nearby acreage in Cyprus waters, in a sign of how drilling success in Israel has boosted interest in the areas prospectivity. Delek Drilling and Avner Oil and Gas are trying to acquire a 15% stake in Block 12 offshore Cyprus that is owned by...