Delek Group at a Glance

Delek Group is an independent E&P firm and the pioneering visionary behind hydrocarbon exploration in the Eastern Mediterranean. With major finds in the Levant Basin, including the Leviathan (21.4 TCF) and Tamar (11.2 TCF) fields, Delek is leading the region’s development into a major natural gas export hub.

Delek has also embarked on a major international expansion with a focus on high-potential opportunities in the North Sea. As part of this initiative, Ithaca Energy, Delek Group’s North Sea operator, acquired Chevron’s North Sea assets in 2019 for USD 1.67 billion. These assets include 10 fields producing 60 kboe per day, with 131 mboe of 2P reserves and 45 mboe of 2C reserves.

Delek Group shares are traded on the Tel Aviv Stock Exchange (TASE:DLEKG) and are part of the TA-35 Index.



Delek Group's visible growth driver for the next decade. The largest energy project in Israel's history, Leviathan achieved its FID in February 2017, and began supplying customers in December 2019. The gas produced from Leviathan is intended to be sold to both domestic and export markets including Egypt and Jordan.

Successful commencement in December 2019
Exports to Jordan & Egypt

TAMAR (11.2 TCF)

Tamar has been producing since 2013 with a reliability of over 99%. It will continue to be a sustainable generator of significant cash flow for Delek Group until it is fully divested, as required by law, by the end 2021.

Production 2019 net to Delek Group: 30K boe/d
Tamar natural gas reservoir: Methanol >99%; Permeability >99%


With the goal of accelerating its growth, Delek Group established an international arm with operational capabilities focused on the North Sea by acquiring Ithaca Energy in 2017. Continuing to expand in the region, Ithaca purchased Chevron’s North Sea oil and gas assets for USD1.67bn in November 2019.

Greater Stella Area began production in February 2017, and continues to tap new fields such as Harrier and Vorlich
Chevron North Sea assets include 10 fields producing 60 kboe per day, with 131 mboe of 2P & 45 mboe of 2C reserves


With the sale of the Phoenix Insurance Company in 2019, Delek Group completed divesting its non-core assets, and is now solely focussed on the energy sector.