Energean Oil and Gas has signed a 19-year gas sales and purchase agreement with I.P.M. Beer Tuvia (IPM) for the supply of 5.5 billion cubic metres (bcm) of gas from its Karish and Tanin FPSO located offshore Israel.
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Sacgasco has obtained an option to acquire a 100% interest in RL Energy, which provides the former with an option to purchase a 60% working interest in the Petroleum Exploration Permit PEP11 located in the Sydney Basin offshore Australia.