Navitas Petroleum

Navitas Petroleum is an Israel-based oil and natural gas exploration and production partnership whose portfolio is concentrated on offshore and North American energy assets. The partnership was established by a team with extensive experience in Israeli and eastern Mediterranean exploration, including Gideon Tadmor and Koby Katz. It began trading on the Tel Aviv Stock Exchange in October 2017 and subsequently developed a strategy centered on acquiring proven discoveries and assets at relatively early stages of development, then advancing them toward production. The partnership’s activities span exploration, appraisal, development and production. Its principal interests have included the Buckskin and Shenandoah oil discoveries in the United States Gulf of Mexico and the Sea Lion oil project in the Falkland Islands. These assets give Navitas exposure to offshore oil development, where projects generally require substantial technical expertise, long development timelines and significant capital before production begins. The portfolio also includes producing assets and proven discoveries, rather than being limited to frontier exploration. Navitas is listed on the Tel Aviv Stock Exchange and has been included in the Tel-Aviv 125 index. Although its corporate base is in Israel, the partnership operates internationally, maintaining offices in Herzliya, Houston and London and pursuing assets outside Israel. The company’s leadership has links to the development of major offshore natural-gas discoveries in the region, including Tamar, Leviathan and Aphrodite, through the prior work of Tadmor and other executives in Israeli energy enterprises. The partnership has raised more than US$2.2 billion through public-market equity and debt financing since inception, according to the cited reference material. As of December 2023, its portfolio comprised 10 oil and gas assets, including producing properties and proven discoveries in the United States Gulf of Mexico and the Falkland Islands. Navitas therefore presents itself as an upstream energy investor and operator focused on building value through the development of discovered hydrocarbon resources rather than as a consumer-facing fuel or petroleum-products brand.

Navitas Petroleum emerged from an Israeli energy team with long experience in oil and natural gas exploration, development and production. Its leadership included Gideon Tadmor, a veteran of Israeli upstream energy enterprises, and Koby Katz, who had held senior government and industry roles. The founding group brought experience associated with the development of major offshore discoveries in the eastern Mediterranean, including Tamar, Leviathan and Aphrodite. The partnership began trading on the Tel Aviv Stock Exchange in October 2017. Its public listing provided access to equity and debt markets and supported a strategy of acquiring proven discoveries and oil and gas assets that were often at early development stages. Rather than concentrating solely on speculative exploration, Navitas sought exposure to resources with established geological or commercial potential and aimed to create value through appraisal, project development and eventual production. After its listing, Navitas expanded its geographic focus beyond Israel. Its principal assets came to include the Buckskin and Shenandoah oil discoveries in the United States Gulf of Mexico and the Sea Lion project in the Falkland Islands. The Gulf of Mexico properties placed the partnership in a mature but technically demanding offshore basin, while Sea Lion represented a large offshore development opportunity in the Falkland Islands. The portfolio also included producing assets and other proven discoveries. Navitas maintained offices in Herzliya, Houston and London, reflecting its Israeli capital-market base and international operating focus. The partnership’s management structure evolved as Amit Kornhauser, previously its chief financial officer for five years, became chief executive officer in January 2022. Tadmor continued as executive chairman, while Katz served as deputy chairman. According to the cited reference material, Navitas had raised more than US$2.2 billion in equity and debt from public markets since inception. By December 2023, its portfolio consisted of 10 oil and gas assets, including producing properties and proven discoveries in the United States Gulf of Mexico and the Falkland Islands. Its development model remained centered on advancing discovered offshore hydrocarbon resources while maintaining exposure to upstream production.

• 2023

  Portfolio reported at 10 assets

  [1]Navitas Petroleumen.wikipedia.org

  As of December 2023, the partnership’s portfolio included 10 oil and gas assets, with producing properties and proven discoveries in the Gulf of Mexico and Falkland Islands.

• 2022

  Amit Kornhauser appointed chief executive

  [1]Navitas Petroleumen.wikipedia.org

  Amit Kornhauser became chief executive officer in January 2022 after serving as chief financial officer.

• 2017

  Tel Aviv Stock Exchange listing

  [1]Navitas Petroleumen.wikipedia.org

  Navitas Petroleum began trading on the Tel Aviv Stock Exchange in October, creating a public-market vehicle for its upstream oil and gas strategy.

An upstream oil and gas partnership focused on acquiring, developing and producing discovered offshore hydrocarbon resources, particularly in North America and the Falkland Islands.

• Oil discovery

  Buckskin

  Buckskin is an offshore oil discovery in the United States Gulf of Mexico and one of Navitas Petroleum’s principal upstream interests. It represents exposure to a discovered resource requiring offshore development and production expertise rather than a retail petroleum product.

• Oil discovery

  Shenandoah

  Shenandoah is an offshore oil discovery in the United States Gulf of Mexico. It forms part of Navitas Petroleum’s North American portfolio and is associated with the partnership’s focus on advancing proven discoveries through development and production activities.

• Offshore oil project

  Sea Lion

  Sea Lion is an offshore oil project in the Falkland Islands and a major component of Navitas Petroleum’s international upstream portfolio. The project gives the partnership exposure to a large offshore development opportunity outside its Israeli home market.

• 2017

  Adopted a public-market upstream acquisition and development modelStrategy

  Background

  Navitas entered public trading while targeting proven oil and gas discoveries and assets that were often at early stages of development.

  Action taken

  The partnership used its Tel Aviv listing and subsequent equity and debt financing to pursue a portfolio of discovered and producing upstream assets.

  Aftermath

  The strategy produced an international portfolio spanning the United States Gulf of Mexico and the Falkland Islands, alongside producing assets and proven discoveries.

  Source

• Unconfirmed

  Denbury closes sale of working interests in four Texas oil fields[2]Denbury完成出售德克萨斯州四个油田的工作权益rigzone.com

  Reported: 2020-03-06

  Denbury closed a previously announced transaction to sell half of its nearly 100% working interest in four southeast Texas oil fields to a Navitas Petroleum subsidiary for $50 million cash and a carried interest in 10 wells.

1. 1Navitas Petroleumen.wikipedia.org
2. 2Denbury完成出售德克萨斯州四个油田的工作权益rigzone.com