Israel Petroleum Commissioner grants extension for Myra, Sarah offshore oil and gas licenses

Source: Bontan Corp.

The Israeli Ministry of National Infrastructure confirms in their letter dated May 16, 2010 that the two offshore licenses; the 347/Myra and the 348/ Sarah in which Bontan Corporation holds an indirect 11% net working interest are fully valid. 

In addition, the Ministry approved changes in the work program as submitted by the company’s project partners Emanuelle Energy Ltd. and IDB-DT Energy (2010). 

The work program (to be submitted in agreed stages over the next 10 months) will begin with the delivery, completion and interpretation of the 3D seismic data by mid July 2010.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs