Ratio Petroleum is a partnership with energy business orientation which was founded in 2011. The Partnership was established after the discovery of Leviathan, when the geologist and entrepreneur, Eitan Aizenberg, who has served as the SVP Exploration and Production of Ratio Petroleum since its founding, approached the Landau and Rotlevy families to establish a partnership which would engage in gas and oil exploration worldwide.
Ratio Petroleum’s strategy focuses on operating in areas where great potential is spotted and no significant petroleum discoveries have yet been made, like the Levant Basin prior to the Leviathan and Tamar discoveries. This strategy was proven in the Guyana Basin, which is currently considered one of the “hottest” locations in the world for exploration, development, and production of oil. From 2015 to this day, over twenty discoveries have been made in the basin, which are estimated at more than 10 billion barrels recoverable oil.
At the beginning of 2021, the Partnership announced the Tanager-1 discovery in the Kaieteur Block offshore Guyana, with proven reserves of approx. 65 million barrels of oil.
Ratio Petroleum currently holds petroleum interests in three different basins on opposite sides of the world: Guyana, Morocco Atlantic, and the East Palawan Basin in the Philippines. The total area of Ratio Petroleum’s petroleum interests is approx. 130,000 sq km. The Partnership continues to search for more assets and investment opportunities around the world.
The partners of Ratio Petroleum are some of the world’s leading energy companies, including ExxonMobil, Hess, ONHYM.
The Partnership made an IPO in 2017, and it is traded on the leading indices of the Tel Aviv Stock Exchange, including the Oil & Gas Exploration Index.
In recent years, Guyana has become one of the most prominent oil and gas exploration and production location in the world, and it is defined as part of the prolific Guyana-Suriname Basin. As part of the accelerated activity in recent years, oil fields were discovered in Guyana with volumes of more than 10 billion barrels of recoverable oil were discovered. Ratio Petroleum holds 25% of a license in the Kaieteur Block, which extends over an area of approx. 13,535 sq km.
In 2023, the partnership announced the entrance of the energy company Navitas Petroleum as a partner in the block. The Partnership, which also serves as the operator of the block, currently holds 70% of interests of the block, which extends over an area of approx. 6,480 sq km in water depths ranging between 900-1,700 meters.
In 2021, after signing an agreement with the Government of Morocco, Ratio Petroleum was awarded an extensive area for study and research called Dakhla Atlantique, in the Atlantic Ocean. The Partnership currently holds 100% of the block area, which extends over an area of approx. 109,000 sq km in water depths ranging between 0 and more than 3,000 meters.
An attorney serving as the General Counsel of the Partnership, with over ten years of legal experience in securities law, the capital market, corporate law, and commercial law. Holds an LL.M from Haifa University. Before entering the position, worked as an attorney at the law offices of Agmon & Co. Rosenberg Hacohen & Co.
CPA who holds a B.A. in Accounting and Information systems from “Lev Academic Center” and an M.B.A. from the College of Management. Prior to this position, worked as CFO in a Medical Devises Hi-tech company
a geophysicist and geologist with over ten years of experience in the areas of geological and geophysical research and in the oil and gas industry. As part of his experience, engaged in operating geophysical surveys, interpretation, and assessment of seismic data including advanced geophysical analyses. Gal is also involved in academic research and collaborations with universities in Israel and worldwide. He works extensively in formulating and implementing the decisions in Ratio Petroleum regarding exploration. Holds a PhD degree in Geophysics from Tel Aviv University.
Co-founder of Ratio Petroleum, SVP Exploration & Production. An entrepreneur and manager, with decades of geological and technical experience in exploration, development and production of oil and gas. Among other things, located the Leviathan gas field in the Mediterranean and the Alma field in the Gulf of Suez initiated the establishment and operations of Ratio Petroleum. In addition, in 2011 Mr. Aizenberg analyzed and identified the potential of the Guyana-Suriname Basin, prior to the significant oil discoveries which were later made by ExxonMobil, and he worked to acquire Ratio Petroleum’s interests in Guyana (Kaieteur Block). Holds an MSc in Geology from The Hebrew University of Jerusalem, focusing on minerology-petrography and chemistry.
one of the entrepreneurs of Ratio Petroleum’s operations, with over ten years of business, commercial and legal experience in the area of oil and gas exploration. Works vis-à-vis various international entities in the oil and gas industry, including business and commercial bodies and government entities. Holds an LL.B and a B.A. in Business Management from the Interdisciplinary Center Herzliya.
Has held the office of outside director since 2017. In recent years, worked as a manager of mergers and acquisitions and as a manager of investment operations in leading corporations in the Israeli market in the energy, natural resources, security, real estate, and finance industries. Holds a B.A. in Political Science, Sociology and Anthropology from Haifa University, and an M.B.A. from Tel Aviv University.
Has held the office of external director since 2017. Serves as a director in a number of public companies. In recent years, held the offices of Chairman of the Board of Migdal Insurance Ltd. and Migdal Holdings Ltd., director of Bank Leumi, outside director of Hot Telecommunication Systems Ltd. and in a number of private companies. Holds a B.A. in Economics and International Relations from The Hebrew University of Jerusalem, and M.B.A. in Finance from Columbia University, New York, and undertook PhD studies in Finance and Banking at Columbia University, New York.
Has held the office of independent director since 2017. Held the office of Chairman of the National Road Safety Authority until 2019, and CEO of the Civil Aviation Authority until 2014. After retiring from the IDF with the rank of Major General, he held the office of CEO of the Ministry of National Infrastructure, and afterwards of CEO of the Jewish Agency. Holds a B.A. in Economics from Bar Ilan University and an M.B.A. from UCLA University.
Has held the office of director since the establishment of the Partnership. Serves as a director in Rotex (1980) Ltd., CEO of Lodzia-Rotex Investment Ltd. and also as a mediator attorney in court cases. Holds an LL.B from the Interdisciplinary Center, a B.A in Psychology and History from Tel Aviv University, and an M.B.A from Columbia University, New York.
Co-founder of Ratio Petroleum, has held the office of director since the establishment of the Partnership. Also holds the office of director in Ratio Oil Exploration-LP, Ratio Oil Exploration (Finance) Ltd., and in several other public and private companies.
Co-founder of Ratio Petroleum, has held the office of director since the establishment of the Partnership. Also holds the offices of CEO and director in Ratio Oil Exploration-LP and of director in Ratio Oil Exploration (Finance) Ltd. and in a number of other public and private companies.
Co-founder of Ratio Petroleum, has held the office of director since the establishment of the Partnership. Also holds the office of director in Ratio Oil Exploration-LP and in Ratio Oil Exploration (Finance) Ltd., and of director in several other public and private companies.
Co-founder of Ratio Petroleum, has held the office of director and Chairman of the Board since the establishment of the Partnership. Also holds the office of Chairman of the Board of Ratio Oil Exploration (Finance) Ltd., and of director in a number of other private and public companies.