Modiin seeking to recruit new partners in Gabriella oil field
Norwegian and Israeli companies negotiating to acquire 10% of the license rights as Modiin seeks to cover $96 million drilling costs.
New partners could shortly be joining the Gabriella offshore oil exploratory license. Modiin Energy Limited Partnership announced late Monday that negotiations are underway with Norway's AGR Petroleum Services Holdings and Israel Opportunity - Energy Resources over each acquiring 10% of the license rights.
Like us on Facebook and get articles directly in your news feed