Israeli company Delek announces bid for Chevron oil fields in the North Sea

JERUSALEM (Reuters) – Israeli group Delek confirmed on Sunday that it has submitted to the Ithaca group a proposal to buy Chevron oil and gas fields in the British North Sea.

Last week, Reuters announced that Delek was on the verge of sourcing Chevron oil and gas deposits in the British North Sea, which is priced around $ 2 billion.

Delek, in a regulatory filing in Tel Aviv, said discussions were underway to purchase Chevron's gas fields as part of its strategy to expand its international operations, but without providing financial details. Discussions focused on Chevron's natural gas and oil fields in the British North Sea – Alba, Alder and Britannia, as well as a number of satellites.

Delek said that in his opinion, if an agreement was reached, it could be completed in 2019 and would be financed by bank loans and its own resources.

The acquisition would mark another step for Delek towards the expected public listing, the sources said. Earlier this month, the company acquired Shell's 22.45% stake in the Caesar-Tonga field in the Gulf of Mexico for $ 965 million.