Mubadala Petroleum’s $1 Billion Acquisition Agreement with Delek Drilling

Herzog Fox & Neeman advised Mubadala Petroleum on the deal.

Delek Drilling Partnership, which is controlled by the Delek Group of Yitzhak Tshuva, has signed an agreement to sell a stake (22%) in the Tamar gas reservoir to Mubadella Petroleum from Abu Dhabi for about $ 1 billion.  

Delek Drilling Limited Partnership operates as an energy company. The Company specializes in the exploration, development, production, and sale of natural gas and condensate. Delek Drilling serves customers in Israel. 

Mubadala Petroleum operates as an oil and gas exploration and production company. The Company provides exploration, appraisal, development, and production projects for oil and gas. Mubadala Petroleum conducts business in Abu Dhabi, United Arab Emirates. 

Herzog’s team was led by Mark Phillips (Picture), Ran Hai, Asaf Nahum, Zvika Friedman, Tslil Bar Bainvol, Zara Gold, Hen Tirosh.

Involved fees earner: Tslil Bar Bainvol – Herzog Fox & Neeman; Zvika Friedman – Herzog Fox & Neeman; Zara Gold – Herzog Fox & Neeman; Ran Hai – Herzog Fox & Neeman; Asaf Nahum – Herzog Fox & Neeman; Mark Phillips – Herzog Fox & Neeman; Hen Tirosh – Herzog Fox & Neeman;

Law Firms: Herzog Fox & Neeman;

Clients: Mubadala Petroleum LLC;