Ratio Oil Exploration is a leading Israeli Limited Partnership founded in 1992 with a mission to explore, develop and produce oil and natural gas.
The partnership was founded by the Landau and Rotlevy families, together with Mr. Zvi Tsafriri and Mr. Eitan Aizenberg, the Prospect generator of the Leviathan discovery, who has served as Ratio’s Chief Geologist since its founding.
In 2010, Ratio and its partners discovered Leviathan – one of the largest deep-water natural gas discoveries in the world, whose total reserves and contingent resources are estimated at c.22.8 TCF of natural gas (c. 646 BCM) and c. 41 million barrels of condensate.
At the end of December 2019, less than three years after the final investment decision (FID), on schedule and with a total final investment of c. USD 3.5 billion, production commenced from the Leviathan field and supply of natural gas began to customers in the Israeli market, and from January 2020 to customers in Jordan & Egypt.
Believing in the potential of the Levant Basin, the partnership made a strategic decision to expand its petroleum assets in the region. In accordance with this strategy, in October 2019, Ratio partnered with two international energy companies: Cairn Energy, that serves as the operator, and Pharos Energy, and the joint venture was awarded Zones A & C (containing 4 licenses each).
Ratio Exploration holds ~20% of Ratio Petroleum Energy, which engages in oil & gas exploration around the world. Ratio is traded on leading indices on the Tel Aviv Stock Exchange, including the TA-125 and the Gas&Oil Exploration Index.