3rd Bid Round

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Bid Round Highlights

The Ministry of Energy announced on June 23, 2020 the launching of its 3rd Offshore Bid Round (OBR3) for natural gas and oil exploration offshore Israel. OBR3 builds upon the growing activity in the Israeli EEZ, reflected by the success of OBR2 in which 12 new exploration licenses were awarded, the flow of first gas from the giant Leviathan fields in late 2019 and the continued appraisal and development activity in the Karish field offshore Israel.

 

 

Bid Zone

​In OBR3 the Ministry offers a single exploration block, ~257km2 in size, in the northern part of the Israeli EEZ. The offered block which comprises of the former Alon D license area, includes 2D and some 3D seismic coverage acquired by the operator of Alon D. The working period for block 72 includes two Drill-or-Drop decision points after 3 and 5 years and it may be extended up to 7 years from the date of award. 
 

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Bid Timeframe

Note the following activities that are included in the bid process:

 

Event Date
Publication of Initial Call For Bids June 23, 2020
Data Packages AvailableJune 23, 2020
End of Q&AAugust 5, 2020
Publication of Final Call For Bids August 23, 2020
Closing Date for Submission of BidsSeptember 23, 2020 14:00 (IL time)
Announcement of Successful BidsOctober 26, 2020

 

To download the bid round documents in PDF format, please click here

 

A data package is offered in the framework of OBR3 including seismic and well data and other documentation. For more information about data package please click here.

 

For a license sample in Hebrew please click here. A nonbinding, unofficial translation into English is included in the bid round documents (Schedule 6).



Q & A Page

Questions should be submitted by using the designated format at the end of the bid documents in MS Word format. 

Go to Q&A page for answers to questions that have been submitted so far.