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2024

No significant news in 2024.

2023

Oct 2023: Developments are now unlikely after a massive attack on the Gaza Strip by Israel following a terrorist attack in Israel by the Hamas group.

Jun 2023: Israel approved the Gaza Marine gas development off the Gaza Strip while saying it would require security coordination with the Palestinian Authority and Egypt. The Gaza Marine field, 30 kmsoff the Gaza coast, is undeveloped due to its economics, political dispute and conflict with Israel.

2022

No significant news in 2022.

2021

No significant news in 2021.

2020

No significant news in 2020.

2019

No significant news in 2019.

2018

Mar 2018: Shell gave up its 55% in the Gaza Marine gas field off the Gaza Strip after failing to find a buyer. It took over the field in its acquisition of BG in 2016. Plans to develop over 35 bcm of gas have been put off several times over the past decade. The Palestine Investment Fund, a sovereign wealth fund, is now the only stakeholder.

2017

No significant news in 2017.

2016

No significant news in 2016.

2015

No significant news in 2015.

2014

Mar 2014: The Palestinian Authority announced plans to explore for oil in the northern West Bank. Israel, which wields overall control of the area, has given no indication it has agreed to the plan. Israeli oil company, Givot Olam, has begun pumping oil from a small field in Israel near the boundary, but with vertical drills, all on the Israeli side.

2013

No significant news in 2013.

2012

Sep 2012: Israel held talks with the Palestinian Authority over development of the Gaza Marine gas field off the Gaza Strip. The Authority granted exploration rights in 1999 to BG who drilled 2 wells in 2000. Estimated gas resources are 28 bcm. In 2007 it ended negotiations on sale of gas to Israel. Israel declines to engage with the Islamist Hamas rulers of the Gaza Strip. The Palestinian Authority fully controls only the West Bank.

East Mediterranean

Palestinian Territory (disputed)

E and P

News

Palestinian Territory Datafiles

Excel files - histories and forecasts of production and wells in any category for all countries and regions