Energean acquired two gas fields from Israeli Delek Group – Greece, 17 August

Energean Oil & Gas has signed an agreement on the purchase of two offshore natural gas fields in the Mediterranean from Anver Oil & Gas and Delek Drilling, both member of Israeli Delek Group.
The deal is worth 185 million dollars, of which 40 million dollars will be paid immediately in cash, while the remaining amount will be paid in ten installments during next year. This acquisition represent the first sign of Greek presence in recent major natural gas deposit discoveries in Eastern Mediterranean within Cypriot, Israeli and Egyptian economic zone. However, the agreement still has to be approved by the Israeli authorities.

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