BG Farms Into Five Israeli Offshore Exploration Blocks
Britain痴 BG International has acquired a 50% stake in fiveIsraeli offshore exploration blocks from a group of Israeli companies led byIsramco Inc, the current operator. The licenses are: Med Yavne (block 239); MedTel Aviv (block 240); Med Hadera (block 241); Med Ashdod (Block 242); and MedHasharon (block 243). They cover an area of 2,000 sq. kms. in the easternMediterranean. Under the terms of the...