Ratio Petroleum Energy Limited Partnership (Ratio Petroleum)

Description:

The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been automatically translated.

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 from 20 discoveries in the basin have found over 10 billion barrels of oil.

At the beginning of 2021, the Partnership announced the Tanager-1 discovery in the Kaieteur Block offshore Guyana, with proven reserves of 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.