BG Awarded Preliminary Exploration Permit For OffshoreIsrael
The UK痴 BG has been awarded an exploration permit to shootseismic in three large concessions offshore Israel. This is the first time thata large international oil company has agreed to operate in Israel. Suchcompanies have hitherto tended to avoid involvement in Israel due to theirheavy commitments and interests in the Arab world. BG was awarded three permitsin Israel comprising 10,000 sq. kms. in...