ATP Oil To Acquire Five Licenses In Israel: A Move To Diversify Its Geographical Presence - Deal Analysis from GlobalData
ATP Oil & Gas Corporation (ATP) signed an agreement to acquire five licenses in Israel, of which two are pending, in approximately 4,000 feet of water. The company will operate all its licenses with working interests ranging from 40% to 50%. The transaction is subject to approval of the Ministry of National Infrastructures and is expected to close before the end of March 2011.
Rationale behind ATP acquiring stake in Israel, Strategic Benefits for the companies involved,
Geography covered -Israel
Reasons to buy
Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in Middle East and Africa's Oil & Gas industry
Identify the most lucrative segments to leverage on the growth oppurtunities available in the Israel's oil & gas market
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