New Mediterranean gas exploration: Murphy and Ratio receive licenses

The Ministry of Energy has granted the American company Murphy and the Israeli company Ratio six new licenses for natural gas exploration in Israel's economic waters, as reported this morning by Ynet and Globes. The move comes after two years of stagnation in the sector, following the withdrawal of the Italian energy giant Eni from the fourth gas exploration tender. According to reports, the licenses include approval for conducting exploration and drilling within a period of up to 36 months. The tender follows a long period in which no new drilling was carried out by foreign companies other than Energean. Further details regarding the results of the fifth tender have not yet been released.