Delek Drilling News

Bermuda-registered liquefied natural gas (LNG) shipping company Golar LNG said that its floating LNG (FLNG) Hilli Episeyo continues to achieve 100% commercial uptime. The vessel recently exported its 25th cargo."Discussions continue with field operator Perenco with respect to increasing the vessel's utilization and potentially increasing the overall duration of the contract term," the NASDAQ-listed company said. The initial focus of these discussions remains on utilization of train 3 and the contract adjustments necessary to ensure that the export of additional LNG at current prices is an attractive proposition for all parties. "We expect resolution of this by year-end," the company said.The FLNG Gimi Conversion project continues on target in Singapore.

The Leviathan reservoir partners announced on Sunday their plans to begin drilling a new well in the basin during the first quarter of next year, reports The Jerusalem Post. The partners announced today that work will commence in the first quarter of 2017 and a budget of $77 million has been allocated for the drilling. The first stage of the Leviathan drilling will begin immediately after completion of the drilling for the Tamar 8 gas field. The Leviathan partners are Noble Energy Inc.(39.66%) Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP (22.67% each) and Ratio Oil Exploration (15%). The Petroleum Commissioner in Israel’s Ministry of National Infrastructures, Energy and Water Resources approved the Leviathan development plan in June.

Israel's Delek Drilling and Avner Oil have raised $2 billion in an international bond offering to help fund the development of the huge Leviathan natural gas field off the coast of Israel. An announcement by the firms said demand of $13.5 billion was the largest ever for an Israeli enterprise and it was over-subscribed by 650 percent. "This shows unprecedented confidence by European, U.S. and Israeli financial markets in the vision of Delek Drilling, Avner and Delek Group," Avner Chairman Gideon Tadmor said. "The development of the Leviathan reserve will allow the continuation of the Israeli natural gas revolution and regional and international export that will significantly strengthen Israel's geo-political standing," he added.

Reuters - Edison, the Italian utility owned by EDF, is in talks to buy two Israeli gas fields from U.S. explorer Noble Energy and Israel's Delek Drilling, which are estimated to hold up to 70 billion cubic meters in total, two sources with knowledge of the talks said. The Israeli and U.S. companies developing the massive Leviathan natural gas field off Israel's coast have to sell their stake in two smaller fields to avoid being branded a cartel by the anti-trust authority. Edison is in talks to buy the Tanin and Karish fields offshore Israel, the sources said. Edison was not immediately available for a comment. "The fields are between 50 and 70 Bcm together, but a survey has to be concluded first to understand the exact size of the resource," one of the sources said.