Israel says received bids from Greek, Indian firms to explore offshore

Updated: Wed, Nov 15, 2017
07:06 pm
Reuters
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Israel said on Wednesday it received bids to explore for oil and gas in its economic waters from Greece`s Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India.

Israel hoped it would draw 2-3 foreign firms to come drill in 24 new offshore blocks in its latest bidding round that opened a year ago.

Israel`s Energy Ministry said it would spend the coming weeks examining each bidder`s offer and work plan before making a final decision. It said it will hold another bidding round next year.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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