Navitas Petroleum is a publicly traded, North America-focused, oil and natural Gas Exploration and production company. Navitas is traded on the

Tel Aviv Stock Exchange The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...

(TICKER: NVPT.L) and has offices in Houston, Texas and in

Herzliya, Israel Herzliya ( ; he, הֶרְצְלִיָּה ; ar, هرتسليا, Hirtsiliyā) is an affluent city in the central coast of Israel, at the northern part of the Tel Aviv District, known for its robust start-up and entrepreneurial culture. In it h ...

Key Persons

Gideon Tadmor co-founded Navitas and acts as the partnership's executive chairman. Tadmor had previously served in a variety of leading roles, including as chairman of

Delek Drilling Delek Drilling LP () is an Israeli energy Oil & Gas partnership in the exploration, development, and production of Natural Gas and Oil. Delek group owned by Yitzhak Tshuva, is the controlling shareholder of the partnership. The partnership is tr ...

Limited Partnership as well as founder and chairman of Avner Oil and Gas LP. Tadmor has been one of the pioneers of the major natural gas discoveries, such as the Tamar and

Leviathan Leviathan (; he, לִוְיָתָן, ) is a sea serpent noted in theology and mythology. It is referenced in several books of the Hebrew Bible, including Psalms, the Book of Job, the Book of Isaiah, the Book of Amos, and, according to some ...

natural gas fields, off the coast of Israel and

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ge ...

. He has been working together with his team in the exploration, development, and production of oil and gas assets for more than 30 years. Other founding partners at Navitas include: the CEO, Chanan Reichman, who previously served as Delek Energy's VP of business development; the deputy chairman, Koby Katz, who previously served as the director general of the Israeli Ministry of National Infrastructure, Energy, and Water as well as the co-CEO of Delek Energy and chairman of Delek Drilling; and the deputy CEO, Chanan Wolf, who previously served as head of M&A and capital markets at

Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewat ...

History

Navitas Petroleum began trading on the Tel Aviv Stock Exchange in October 2017. Since then, the partnership has focused on acquiring proven O&G discoveries at various stages of development. Since its inception, Navitas has raised over NIS 1 billion of equity and debt in public markets. As of December 2018, Navitas' asset portfolio comprises 14 O&G assets, including exploration acreage and proven discoveries in Eastern

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

and in the United States' territorial waters in the Gulf of Mexico.

Operations

Navitas' main assets include the Buckskin and Shenandoah major oil discoveries in the Gulf of Mexico off the coast of the United States as well as Block 7 off the coast of Newfoundland and Labrador in East Canada. Navitas' JV partners include LLOG Exploration,

Repsol Repsol S.A.
El Nuevo Herald, 2012-05-31Originally an init ...

Equinor Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. I ...

(formerly Statoil), Delek Group, Blackstone,

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

, and Riverstone portfolio companies.

References

{{reflist Energy companies established in 2015 Companies listed on the Tel Aviv Stock Exchange Oil and gas companies of Israel Companies based in Herzliya Israeli companies established in 2015