ISRAEL/EGYPT/CYPRUS

Edison East-Med Expansion

One company which has recently increased its interests in the East Mediterranean is Italian utility Edison, which acquired two blocks offshore Egypt earlier this year and two licenses offshore Israel last year. The firm is set for a further major expansion, with the firm confirming to MEES that it is in talks to buy the Noble-operated Karish and Tanin blocks which have a combined 3 tcf of proven and probable reserves (see table p6, and map p7)....