International Oil & Gas Exploration and Production Partnership

With a portfolio of established North American oil and gas assets, Navitas Petroleum offers a unique opportunity for investors
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About Us
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Operations
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Investor Relations
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Navitas in the News
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2022 annual revenue, net of royalties
$M
2022 annual revenue, net of royalties
2022 annual EBITDA
$M
2022 annual EBITDA
Navitas discovered resources (2P/2C)
MBOE
Navitas discovered resources (2P/2C)

Innovation and Creativity

With a robust portfolio of offshore production and development projects, conventional onshore producing assets, and exploration opportunities located in North America and South Atlantic, Navitas Petroleum offers an attractive opportunity for investors.

Navitas Petroleum has demonstrated a track record of acquiring, financing and developing high-impact O&G projects. A key focus of Navitas Petroleum’s strategy is identifying premier assets with proven resources, and financing and developing them in partnership with best-in-class partners in order to generate significant shareholders’ value.

As a publicly traded partnership (Tel-Aviv Stock Exchange: NVPT.L), Navitas Petroleum’s headquarters are located in Israel (Herzliya) and operate out of the United States (Houston) and the United Kingdom (London).

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Projects & Operations

As a leader in the acquisition and development of oil and gas resources, Navitas Petroleum has an established asset portfolio, mainly focusing on the US Gulf of Mexico, one of the world's great oil provinces.  Details of our current projects are shown below:

Shenandoah

Shenandoah is a world-class, proven and appraised oil and gas field in the deepwater US Gulf of Mexico and is Navitas' most significant investment to date.  Navitas' 49% working interest was acquired in a series of transactions in 2018 and 2019.  The Shenandoah development has been well underway since August 2021 The development is anchored by a semi-submersible floating production system (FPS) capable of producing and exporting approximately 100,000 barrels of oil per day. First oil is expected in December 2024 from four production wells. The total budget for the project is USD 1.8 billion (for 100% of the interests in the Project). Fully committed capital has been raised in the form of equity and credit facility.
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Buckskin

Buckskin is a deep water oil and gas field in the Gulf of Mexico that began producing in 2019. The Buckskin project is tied back to the Lucius platform, which OXY manages and operates. The Buckskin development has exceeded expectations; in fact, two of the original wells are ranked among the top ten producing wells in the Gulf of Mexico (for the years 2021 and 2022). In the near term, drilling plans include full-scale, organic development of the field over the coming decade.
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Sea Lion

Sea Lion is a significant oil discovery located 220km north of the Falkland Islands. Navitas is promoting a development plan for the project and a formulation of a financing package. Previous partners drilled 20 exploration and appraisal wells. Past investments amount to approximately USD 1.3 billion. Navitas' experience and prior significant investments will enable the big step towards FID in December 2024.
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Operations Map

As a leader in the acquisition and development of oil and gas resources, Navitas Petroleum has an established asset portfolio, primarily focused on the US Gulf of Mexico, one of the world's most prolific natural resource basins.

Investor Relations

Investor Relations section offers a comprehensive view of our financial performance, growth strategies, and exciting investment opportunities.
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Presentations

Investor Presentation 2022
May 2023 view full presentation

Media

Buckskin
Project video
Shenandoah
Development video

Navitas In The News

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Fresh air for Falklands’ oil industry: Navitas to become operator with Rockhopper, and Harbour exits

Encouraging news for the Falkland Islands budding hydrocarbons industry. Rockhopper Exploration officially announced on Wednesday that it had reached a new agreement with Navitas Petroleum by which its potential farm-in portion of the Sea Lion project increases significantly, while the current holder of the majority share, Harbour Energy exits the undertaking.

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In the quarter, Navits' revenues increased by 28% as a result of a surge in oil prices

In the third quarter, the oil partnership's net profit increased by 60%; since the beginning of the year, the profit has increased by 200%.
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Israel’s Navitas buys stakes in four Texas oil fields from Denbury

JERUSALEM (Reuters) – Israel’s Navitas Petroleum said on Sunday it had purchased 50% of the rights in four producing oil fields in Texas from oil and gas company Denbury Resources for $45 million.

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Israel’s Navitas says Gulf of Mexico oil project output more than planned

JERUSALEM (Reuters) – Israel’s Navitas Petroleum said on Thursday its Buckskin project in the U.S. Gulf of Mexico had reached full commercial production with an output rate of more than 30,000 barrels per day of oil, a higher level than planned.

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