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The Israeli company plans to buy a stake in the North Sea fields



The Israeli company plans to buy a stake in the North Sea fields

Reuters

NERIJUS ADOMAITIS

Oil platform in the North Sea

The Israeli energy group Delek has confirmed that, through its Ithaca unit, it has made an offer to purchase Chevron's oil and gas fields in the North Sea.

According to media sources, "Delek is nearing the conclusion of an agreement to acquire Chevron oil and gas fields in the North Sea in Britain, which has an estimated cost of about $ 2 billion."

The company said in a Tel Aviv regulatory announcement that it was "in the talk of buying Chevron gas fields as part of its strategy to expand its international operations," but did not provide any financial details.

"Interviews focus on the North Sea gas field, Alba, Alder and Brittany," she added, adding that it is expected to be completed in 2019 and financed through bank loans and private corporate resources.

Earlier this month, Delek acquired Shell's 22.45 percent share in the Gulf of Mexico's Cesser-Tonga for $ 965 million.

Source: Reuters


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