Delek Drilling, now known as NewMed Energy following a rebranding in February 2022, is a leading Israeli exploration and production company with a rich history of success in discovering and developing oil and gas reserves. Operating both onshore and offshore, Delek Drilling, or NewMed Energy, has been instrumental in transforming Israel from a net importer of energy to a self-sufficient producer.
From Delek Drilling to NewMed Energy: A Company Rebranded for the Future
The company’s flagship project, the Tamar natural gas field, is the largest gas field in the Mediterranean Sea, supplying over 70% of Israel’s natural gas needs. Delek Drilling’s exploration activities have also led to the discovery of Leviathan, a massive offshore gas reservoir, and the Karish field, which is expected to come online in 2022. These discoveries have solidified Israel’s position as a major energy player in the region and have the potential to generate significant economic benefits for the country.
NewMed Energy reflects the company’s evolving strategy that goes beyond traditional oil and gas drilling. This rebranding signifies their commitment to exploring and developing cleaner energy sources, while still leveraging their expertise in natural gas production. NewMed Energy is actively investing in research & development to explore renewable energy options like biofuels and hydrogen, while also focusing on carbon capture and utilization technologies. This commitment to sustainability ensures their long-term viability and contributes to a cleaner energy future for Israel.
Beyond Oil and Gas: NewMed Energy’s Commitment to Sustainability
Delek Drilling, now NewMed Energy, remains committed to operating responsibly and sustainably, adhering to the highest environmental standards and engaging with local communities. With their proven track record of exploration success, strong financial position, and commitment to a sustainable future, NewMed Energy is well-positioned to continue playing a leading role in Israel’s energy landscape for years to come.