27:
282:. It covers 400 km and is held exclusively by Modiin Energy LP. In December 2011 Modiin published the results of a three-dimensional seismic survey of the area, conducted by Netherland, Sewell & Associates Inc. The survey gave a best estimate of 1.4 TCF of natural gas, as well as 130 million barrels of oil. Modiin anticipates that drilling operations at Yam Hadera will commence by June 2012.
221:
266:. Their area totals 800 km and are jointly held by eight companies, with Modiin's stake coming to 19.282%. In June 2011, the licensees published results of a three-dimensional seismic survey of the area, conducted by Netherland, Sewell & Associates Inc. The survey estimated the licenses to contain 6.5 trillion cubic feet (1.8
242:. It encompasses an area of 390 km and is held jointly by three companies. Modiin owns rights to 70% of the license, Adira Energy Israel Ltd. owns 15%, and Brownstone Energy Inc. owns the remaining 15%. In September 2011, Adira Energy published results of a three-dimensional seismic survey of the area, conducted by
202:
The Modiin Energy limited partnership was established in 1992 as part of an agreement between Modiin Energy
Management (1992) Ltd. and Modiin Energia Neemanut Ltd. 16.94% of the partnership is controlled by IDB Development Corporation, a privately held investment arm of IDB Holdings.
506:
Gustavson
Associates LLC ('Gustavson') of Boulder, Colorado was commissioned by Adira in April 2011, to independently evaluate the hydrocarbon potential of the Licenses using all data available as of an effective date of August 31, 2011 (the 'Effective
879:
270:
10 m) of natural gas, as well as 150 million barrels (24,000,000 m) of oil. Modiin has anticipated that drilling operations at Sarah and Myra will commence in the first quarter of 2012.
857:ืืืืชืื ืืืคืขืื, ืฆืืื ืืืืื ื ืื ืื ืืกื ืืงืืืื ืืืืืฉ- 1 ืื ื ืืืื ืืชืืื ืืช ืืขืืืื ืฉื ืืจืืฉืืื, ืืื ืืื ืืงืจื ืคืจืง ืืืื ืฉื ืืชืจ ืขื ืชืื ืชืงืืคืช ืืจืืฉืืื, ืื ืืกืคืืง ืืืืฆืืข ืืื ืืกื ืืงืืืื, ืืืื ื ืืืคืงื ืืืคืงื ืืกืืจืืช.
302:
on an already-existing well, Halamish-1, which had been abandoned in 1995. Modiin notified the Tel Aviv Stock
Exchange on 25 September that the commissioner had rejected the Halamish proposal.
298:
indicated in August 2011 that it would not authorize drilling new wells at Zurim, Zerah and Modiin petitioned the
Petroleum Commissioner to modify the terms of the license so as to approve a
874:
250:
10 m) of natural gas, as well as 277 million barrels (44,000,000 m) of oil. Modiin Energy has said it intends to commence drilling operations at
Gabriella by the end of 2012.
602:
The Sara license covers an area of approximately 404 square kilometers (156 square miles) and the Myra license covers an area of approximately 396 square kilometers (153 square miles).
26:
614:
350:
331:
379:
186:) is a publicly traded company engaged in oil and gas exploration in Israel. It is listed on the TA MidCap 50 Index as well as on the TA Oil and Gas Index of the
475:
418:
55:
414:
316:
294:. It encompasses an area of 335 km and is jointly held by two companies. Zerah owns 85% of the license and Modiin owns the remaining 15%. After the
884:
224:
549:
246:-based geological consultancy firm Gustavson Associates LLC. The survey estimated the license to contain 3.56 trillion cubic feet (1.01
115:
295:
788:[Appeal to Petroleum Commissioner to modify work plan for Zurim license] (in Hebrew). Modiin Energy LP. 31 August 2011
389:
493:
756:
700:
669:
422:
826:
However, no production was carried out because the price of oil at the time rendered the discovery uneconomical.
527:[Modiin Energy Partnership: September 2011] (in Hebrew). Modiin Energy LP. 11 September 2011. p. 11
190:. The company owns rights to drilling licenses in various locations throughout Israel and in Israel's maritime
354:
191:
187:
65:
51:
838:
783:
522:
384:
615:"Israel Petroleum Company in Quest for Partners to Participate in Development of Sara and Myra Prospects"
563:
238:
The
Gabriella drilling site, officially designated 378, is located 10โ15 kilometers off the shores of
559:
807:
727:
641:
445:
262:
sites, officially designated 348 and 347, respectively, are located 70 kilometers off the shores of
321:
463:
The best estimate for
Gabriella is 3.56 trillion cubic feet of gas and 277 million barrels of oil.
812:
761:
732:
705:
674:
646:
450:
103:
311:
160:
278:
The Yam Hadera site, officially designated 383, is located 30 kilometers off the shores of
480:
326:
179:
259:
37:
585:
868:
45:
476:"Brownstone Energy Announces Resource Assessment on Two Israeli Offshore Licenses"
843:[Commissioner rejects appeal to modify work plan at license 327/Zurim].
402:
IDB Development
Corporation Ltd. is an investment arm of IDB Holding Corp. Ltd.
554:
489:
130:
687:
The Yam Hadera license is 30 kilometers offshore, between Hadera and Haifa.
299:
291:
243:
239:
76:
485:
290:
The Zurim site, officially designated 327, is located southwest of the
279:
263:
82:
145:
808:"Zerah teams with Delek to expand Dead Sea oil exploration"
728:"Zerah teams with Delek to expand Dead Sea oil exploration"
670:"Modiin Energy begins 3D seismic survey off Hadera coast"
586:"Adira to Acquire Interest in Licenses Offshore Israel"
757:"Energy exploration partnership Zerah seeks more cash"
840:ืืืืื ื ืืื ืืืงืฉื ืืฉืื ืื ืชืืื ืืช ืขืืืื ืืจืฉืืื 327/ืฆืืจืื
880:
Non-renewable resource companies established in 1992
550:"Israel to seek UN opinion on maritime border spat"
213:
158:
143:
128:
113:
99:
89:
71:
61:
43:
33:
446:"Survey finds big potential in Gabriella, Yitzhak"
642:"Licensees confirm 6.5 TCF gas at Myra and Sarah"
332:List of oil exploration and production companies
875:Companies listed on the Tel Aviv Stock Exchange
640:Koby Yeshayahou; Hillel Koren (30 June 2011).
227:โMinistry of National Infrastructures (Israel)
847:(in Hebrew). Modiin Energy. 25 September 2011
8:
785:ืคื ืื ืืืืื ื ืืฉืื ืื ืชืืื ืืช ืขืืืื ืืจืฉืืื ืฆืืจืื
419:Ministry of National Infrastructure (Israel)
19:
701:"Modiin: 133m barrels of oil at Yam Hadera"
317:National Infrastructure Minister of Israel
18:
537:ืชืืืืช ืืืฆืืข ืงืืืื ืจืืฉืื ืขื ืืืื 1.12.2012
342:
16:Israeli oil and gas exploration company
517:
515:
210:
351:"Modiin Energy โ Limited Partnership"
7:
444:Steinblatt, Ron (7 September 2011).
755:Steinblatt, Ron (3 February 2010).
183:
699:Barkat, Amiram (4 December 2011).
668:Nissan, Yossi (26 December 2010).
524:ืฉืืชืคืืช ืืืืืขืื ืื ืจืืื: ืกืคืืืืจ 2011
492:. 7 September 2011. Archived from
415:"Maps Related to Petroleum Rights"
14:
380:"IDB Development Corporation Ltd"
20:Modiin Energy Limited Partnership
219:
25:
885:Oil and gas companies of Israel
562:. 10 July 2011. Archived from
1:
421:. 1 June 2011. Archived from
901:
296:Nature and Parks Authority
218:
24:
839:
784:
523:
355:Tel Aviv Stock Exchange
192:exclusive economic zone
188:Tel Aviv Stock Exchange
66:Oil and gas exploration
619:Offshore Energy Today
425:on 25 September 2011
392:on October 15, 2012
322:Leviathan gas field
21:
225:"Petroleum Rights"
166:NIS 296.1 million
151:NIS 335.8 million
136:NIS โ61.6 million
121:NIS โ60.7 million
816:. 15 October 2009
736:. 15 October 2009
312:Economy of Israel
231:
230:
173:
172:
169:
154:
139:
124:
109:
892:
860:
859:
854:
852:
835:
829:
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823:
821:
804:
798:
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795:
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780:
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771:
769:
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696:
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659:
658:
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654:
637:
631:
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626:
611:
605:
604:
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597:
592:. 25 August 2010
582:
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472:
466:
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458:
441:
435:
434:
432:
430:
411:
405:
404:
399:
397:
388:. Archived from
376:
370:
369:
367:Yearly 2010 IFRS
364:
362:
347:
269:
249:
223:
222:
211:
185:
176:Modiin Energy LP
167:
163:
152:
148:
137:
122:
116:Operating income
107:
29:
22:
900:
899:
895:
894:
893:
891:
890:
889:
865:
864:
863:
850:
848:
841:
837:
836:
832:
819:
817:
806:
805:
801:
791:
789:
786:
782:
781:
777:
767:
765:
754:
753:
749:
739:
737:
726:
725:
721:
711:
709:
698:
697:
693:
680:
678:
667:
666:
662:
652:
650:
639:
638:
634:
624:
622:
621:. 2 August 2010
613:
612:
608:
595:
593:
584:
583:
579:
569:
567:
566:on 17 July 2012
548:
547:
543:
530:
528:
525:
521:
520:
513:
499:
497:
496:on 2 April 2012
481:The Denver Post
474:
473:
469:
456:
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438:
428:
426:
413:
412:
408:
395:
393:
378:
377:
373:
360:
358:
349:
348:
344:
340:
327:Tamar gas field
308:
288:
276:
267:
256:
247:
236:
220:
209:
200:
159:
144:
133:
118:
92:
85:
79:
48:
17:
12:
11:
5:
898:
896:
888:
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882:
877:
867:
866:
862:
861:
830:
799:
775:
747:
719:
691:
660:
632:
606:
577:
541:
511:
467:
436:
406:
371:
341:
339:
336:
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329:
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304:
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260:Sarah and Myra
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254:Sarah and Myra
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228:
216:
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214:External image
208:
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184:ืืืืืขืื ืื ืจืืื
171:
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149:
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97:
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95:Yitzhak Sultan
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764:
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734:
729:
723:
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708:
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695:
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688:
677:
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664:
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649:
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620:
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610:
607:
603:
591:
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581:
578:
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385:Business Week
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32:
28:
23:
856:
851:27 September
849:. Retrieved
844:
833:
825:
820:16 September
818:. Retrieved
811:
802:
792:16 September
790:. Retrieved
778:
768:16 September
766:. Retrieved
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740:16 September
738:. Retrieved
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710:. Retrieved
704:
694:
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681:16 September
679:. Retrieved
673:
663:
653:16 September
651:. Retrieved
645:
635:
625:16 September
623:. Retrieved
618:
609:
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596:16 September
594:. Retrieved
589:
580:
570:16 September
568:. Retrieved
564:the original
553:
544:
536:
531:16 September
529:. Retrieved
505:
500:16 September
498:. Retrieved
494:the original
479:
470:
462:
457:16 September
455:. Retrieved
449:
439:
427:. Retrieved
423:the original
409:
401:
394:. Retrieved
390:the original
383:
374:
366:
359:. Retrieved
345:
289:
277:
257:
237:
201:
175:
174:
161:Total equity
146:Total assets
72:Headquarters
34:Company type
357:. June 2011
869:Categories
712:4 December
555:Al Arabiya
490:Marketwire
338:References
274:Yam Hadera
198:Background
131:Net income
91:Key people
429:27 August
396:31 August
361:26 August
234:Gabriella
207:Portfolio
46:Traded as
306:See also
300:workover
292:Dead Sea
244:Colorado
240:Tel Aviv
77:Tel Aviv
62:Industry
56:MODIIN L
590:Rigzone
507:Date').
486:Toronto
100:Revenue
813:Globes
762:Globes
733:Globes
706:Globes
675:Globes
647:Globes
451:Globes
280:Hadera
264:Hadera
180:Hebrew
168:(2010)
153:(2010)
138:(2010)
123:(2010)
108:(2010)
83:Israel
38:Public
286:Zurim
853:2011
845:MAYA
822:2011
794:2011
770:2011
742:2011
714:2011
683:2011
655:2011
627:2011
598:2011
572:2011
533:2011
502:2011
459:2011
431:2011
398:2011
363:2011
258:The
52:TASE
560:AFP
104:NIS
871::
855:.
824:.
810:.
759:.
730:.
703:.
685:.
672:.
644:.
617:.
600:.
588:.
558:.
552:.
535:.
514:^
504:.
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484:.
478:.
461:.
448:.
417:.
400:.
382:.
365:.
353:.
194:.
182::
106:0
80:,
796:.
772:.
744:.
716:.
657:.
629:.
574:.
433:.
268:ร
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178:(
54::
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
