Globe Exploration LP
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  • עבריתעברית
  • About
    • Board
    • Our Team
    • Our Vision
    • Contact Us
  • Concept
    • On-Shore Prospective
    • Exploration Target – Triassic
    • Exploration Target – Permian
  • Projects
    • New Ofek 405
    • New Yahel 406
    • Escolle, Santa-Barbara
  • Overview
    • Operating Environment – Israel
    • Operating Environment – USA
    • HSE
  • Investor Relations
    • Holding Structure
    • News
    • Reports
  • עבריתעברית
Globe Exploration LP
  • About
    • Board
    • Our Team
    • Our Vision
    • Contact Us
  • Concept
    • On-Shore Prospective
    • Exploration Target – Triassic
    • Exploration Target – Permian
  • Projects
    • New Ofek 405
    • New Yahel 406
    • Escolle, Santa-Barbara
  • Overview
    • Operating Environment – Israel
    • Operating Environment – USA
    • HSE
  • Investor Relations
    • Holding Structure
    • News
    • Reports
  • עבריתעברית
  • About
    • Board
    • Our Team
    • Our Vision
    • Contact Us
  • Concept
    • On-Shore Prospective
    • Exploration Target – Triassic
    • Exploration Target – Permian
  • Projects
    • New Ofek 405
    • New Yahel 406
    • Escolle, Santa-Barbara
  • Overview
    • Operating Environment – Israel
    • Operating Environment – USA
    • HSE
  • Investor Relations
    • Holding Structure
    • News
    • Reports
  • עבריתעברית
Operating Environment – USA
Home » Operating Environment – USA

Era of Opportunities

Oil price drop since January 2015 boosted acquisition opportunities of low-risk high-quality exploration and production assets and In the meanwhile, oil prices recovered and stabilized over recent quarters.

According to the U.S Energy Information Administration (EIA) , the forecast for the next decades is an increase in the production and consumption of US Oil and gas.

     Source: EIA, Annual Energy Outlook 2017

Reference case oil prices and production rise from current levels, price paths and production levels in the side cases are very different from those in the Reference case

     Source: EIA, Annual Energy Outlook 2017

United States energy production continues to increase in the Reference case, led by growth in natural gas and renewables.

Local massive demand for hydrocarbons under stable regulation and availability of services and infrastructure at attractive cost make the US energy sector attractive and welcoming.

GOE’s motivations to expand to the USA

  • Recent TASE regulatory enables public partnerships to invest in O&G assets abroad.
  • The O&G Industry in the USA is mature; the regulation is stable and well known.
  • Services, contractors, equipment, refineries, pipes are available and handy.
  • The decrease in O&G prices caused financial difficulties even to good assets owners.
  • The onshore prospective targets are commonly shallower with lower drilling prices than in Israel.
  • The costs of drilling, developing and production decreased and stabilized.
  • Vast market demand for energy.
  • Operating Environment – Israel
  • Operating Environment – USA
  • HSE
| +972 (3) 614-1856 | 5 Zadal Street Rishon LeZion, Israel | contact@goe.co.il | Terms of use | Forward Looking Statements |
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