Israel's Delek Group wins exploration tender offshore Canada
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JERUSALEM (Reuters) - Israeli energy conglomerate Delek Group
Delek will own 70 percent of the venture and Navitas the rest. The partners have committed to invest C$48 million ($36 million).
The exploration rights, the company said, are for Block 7, which covers an area of 2,000 square kilometers (772 square miles) in water 1,400 meters (1,500 yards) deep. The exploration target is estimated to be 4,500 meters beneath sea level.
($1 = 1.3480 Canadian dollars)
(Reporting by Ari Rabinovitch)
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