{"id":601960,"date":"2019-03-14T03:11:58","date_gmt":"2019-03-14T03:11:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/exxon-considers-israeli-oil-and-gas-exploration\/"},"modified":"2019-03-14T03:11:58","modified_gmt":"2019-03-14T03:11:58","slug":"exxon-considers-israeli-oil-and-gas-exploration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/exxon-considers-israeli-oil-and-gas-exploration\/","title":{"rendered":"Exxon considers Israeli oil and gas exploration"},"content":{"rendered":"

<\/a> In a potential boost to Egypt\u2019s regional gas ambitions, Exxon considers Israeli oil and gas exploration:<\/b> US oil giant ExxonMobil is considering oil and gas exploration in Israeli waters, giving a further boost to regional plans for an East Med natural gas market, a source told Reuters<\/a>. Company execs reportedly held discussions with Israeli Energy Minister Yuval Steinitz this week regarding a bid for offshore blocks up for auction in June, the source said.<\/p>\n

Exxon is growing into the region: <\/b>Entry into Israeli gas exploration would be the latest in a string of recent agreements signed between Exxon and East Med countries. Egypt last month announced<\/a> that Exxon would for the first time undertake exploration activities in Egyptian waters. And at the end of 2018 it began drilling for gas in Cypriot waters, recently claiming to have found<\/a>giant gas field south of the island. Growing interest from another major player comes at a good time for the region as Eni \u2014 the biggest source of international investment for Egypt\u2019s Mediterranean concessions \u2014 increasingly focuses its efforts in<\/a> the Gulf in a bid to lessen its dependency on African hydrocarbons.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a potential boost to Egypt\u2019s regional gas ambitions, Exxon considers Israeli oil and gas exploration: US oil giant ExxonMobil is considering oil and gas exploration in Israeli waters, giving a further boost to regional plans for an East Med natural gas market, a source told Reuters. Company execs reportedly held discussions with Israeli Energy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,72,778,89,91,11324,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601960","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-exxonmobil","tag-israel","tag-oil-and-gas","tag-regional-gas-market","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"efc84841-d6fa-4c17-a3b8-2e663e68df60","is_powered_by":true,"section_story_id":"2569e149-20f0-439f-817d-9ec70e4c9d4d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601950],"teaser":"","voice_url":""},"yoast_head":"\nExxon considers Israeli oil and gas exploration - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/exxon-considers-israeli-oil-and-gas-exploration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exxon considers Israeli oil and gas exploration\" \/>\n<meta property=\"og:description\" content=\"In a potential boost to Egypt\u2019s regional gas ambitions, Exxon considers Israeli oil and gas exploration: US oil giant ExxonMobil is considering oil and gas exploration in Israeli waters, giving a further boost to regional plans for an East Med natural gas market, a source told Reuters. 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The US company will invest a minimum USD 332 mn to drill seven wells, paying the Egyptian\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/731.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590692,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/exxon-mobil-corporation-acquires-more-than-1-7-mn-acres-for-exploration-offshore-egypt\/","url_meta":{"origin":601960,"position":1},"title":"Exxon Mobil Corporation acquires more than 1.7 mn acres for exploration offshore Egypt","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"US oil giant ExxonMobil has acquired more than 1.7 mn acres for offshore exploration in Egypt, the company said yesterday. The awards include the 1.2 mn North Marakia Offshore block near the north coast, and 543k acres in the North East El Amriya Offshore block in the Nile Delta. 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