Lapidoth’s activity in the fields of oil and gas prospecting and production is performed through its held partnership, Lapidoth-Heletz (a publicly traded partnership, which is traded on TASE and held by Lapidoth at over 50%). On the mainland, Lapidoth is engaged in oil production from the Heletz oilfield in southern Israel (The oil is being sold to Israeli refineries), as well as in the continuous development of the abovementioned oilfield. In the marine domain, Lapidoth is engaged in oil and gas prospecting in two licenses, OZ and Arye, off the coast of Netanya.
• An oilfield that has been producing oil ever since the 1950’s.
• The oilfield has produced over 17 million Barrels to date.
• As of January 2012, Lapidoth-Heletz holds 100% of the licenses in the oilfield.
• During the years 2007-2012 Lapidoth has held 25% of the oilfield. Since 2012, Lapidoth holds 100%.
The new well was finished and the production test have been performed.
On August 13, 2015 a debt settalment in Sunny has been completed. Lpaidoth in now the controlling
On February 2, 2015, Scillex Debt settlement has been approved. Lapidoth takes control of the company.
On January 29th 2017 Lapidoth announced that it’s annual shareholders meeting will be held on