Sale of 22% stake in the Tamar gas field by Delek Drilling to Mubadala Petroleum for US$ 1.1 billion
| Target Company Name |
Delek Drilling |
|---|---|
| Target Country |
Israel |
| Description | Sale of 22% stake in the Tamar gas field by Delek Drilling to Mubadala Petroleum. |
| Global M&A Offices |
Value Base M&A
(Global M&A Israel)
|
| Global M&A Advisory | Advisor to the seller |
| Further information |
“We have closed an historic deal as this agreement is the largest commercial agreement to be signed between the United Arab Emirates and Israel since the signing of the Abraham Accords in September 2020. It also generates considerable value for our investors and deepens the regional cooperation that Delek Drilling is promoting in its operations. The natural gas revolution which started with Tamar and continues with Leviathan, has led to a 70% reduction in pollution caused by electricity generation in Israel, and a significant reduction in greenhouse gas emissions" |
