Delek Drilling and Avner signed, Tuesday, signed a deal with Greek company Energean Oil and Gas to sell their stake in the Karish (Shark) and Tanin (Alligator) natural-gas fields off Israel's Mediterranean coast.
The fields hold an estimated 58.7 billion cubic meters of natural gas and 14.3 million barrels of condensate with more possible. They are fully designated for use in Israel. The deal is considered a milestone in the government's outline for use of the resource and the next step is to get approval of the powers that be.