Israeli upstream firm Ratio Energies says it has identified a new international operator to replace Eni at Israel’s Cluster G offshore multi-block acreage (see map, MEES, 22 May). The Israeli Petroleum Commissioner had threatened to cancel the consortium’s license award following the Italian major’s withdrawal (MEES, 27 March).
In a statement to the Tel Aviv Stock Exchange on 18 May, Ratio said it had “managed to find a leading international operator with extensive and significant experience in deep water, with an emphasis on exploration,” but it did not name the company. Ratio added that it is now “working with the Commissioner to bring the new operator into the licenses.” (CONTINUED - 337 WORDS)
