Houston has become the latest energy hub to register their interest in the oil and gas potential of Israel.
The Texas-Israel Chamber of Commerce have shown their commitment to exploring Israel's onshore, offshore and unconventional opportunities by confirming a delegation will be attending Universal Oil & Gas Dead Sea 2014 (UOG 2014), Israel’s first major international oil and gas conference and exhibition as part of a trade mission from 15 - 21 November.
The move follows Aberdeen Chamber of Commerce's decision to lead a mission to UOG 2014, which aims to be the largest oil and gas conference and exhibition of its type to date in Israel. The mission will offer delegates the chance to find out how they can profit from Israel's huge energy potential today, new licenses, regulations and also hold discussions with key people from its public and private energy sector that are already engaged in E&P there.
Recent offshore discoveries, the onshore potential of oil shale reserves and the production and further potential of natural gas show that Israel could become a major energy producer ranking alongside Saudi Arabia and Qatar.
Clare Freeman, President of the Texas-Israel Chamber of Commerce explains why the energy capital of the world is attracted by Israel's potential:
"The oil and gas industry global epicenter is Texas. There are many experienced midstream and upstream oil and gas companies who would welcome the opportunity to work in Israel, and participate in Israel’s new Energy Economy. This is a very big business opportunity that will have a positive lasting effect on the Middle East and help Texas companies create closer ties to Israel."
Israel has proved that it can produce natural gas within four years of discovery. This coupled with the potential of new licenses and exploration opportunities makes UOG 2014 an exciting prospect for the global oil and gas industry.
Chief Executive Officer of UOG 2014, Michael Beagelman explains how this is a exclusive opportunity for Texas to connect with one of the world's most exciting emerging oil and gas markets:
“Israel’s energy revolution was started by Texas company Noble Energy and we are proud to have the support of the Texas-Israel Chamber of Commerce in aiming to attract further Texan companies to be part of this unique opportunity at UOG 2014.”
One of a number of key speakers at the event will be Barry Smitherman, Chairman of the Texas Railroad Commission. The Texas-Israel Chamber of Commerce held a Chairman's Reception on Wednesday, 13 August 2014 in Houston sponsored by Universal Oil & Gas.
UOG 2014 will take place 18 - 20 November 2014 at the David Dead Sea Resort Hotel. For more information please visit www.universaloilgas.com
Adapted from a press release by David Bizley
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/18082014/texas-israel-chamber-delegation/