Israel has finalized block awards from its November 2018 bid round, awards that are notable mainly for the second-tier nature of the firms and also the lack of drilling commitments.

The UK’s Cairn Energy (33.4%op) with compatriot Pharos Energy (formerly Soco, 33.3%) and Israel’s Ratio were awarded eight ‘blocks’ grouped in two ‘Zones’, A and C (see map). (CONTINUED - 461 WORDS)