- Business
- Ratio Petroleum Energy - Limited Partnership Ratio Petroleum Energy - Limited Partnership (RTPT.TA) is an Israel-based limited partnership engaged in the exploration, development, and production of oil and natural gas worldwide. Founded in 2011 and headquartered in Israel, the partnership holds petroleum interests across approximately 130,000 square kilometers in three key basins: the Kaieteur Block in the Guyana-Suriname Basin offshore Guyana, where it maintains a 25% working interest in partnership with ExxonMobil and Hess; the Dakhla Atlantique Block along the Moroccan Atlantic coast, covering 109,000 square kilometers with a 70% working interest alongside Navitas Petroleum; and Service Contract 76 (SC76) in the Eastern Palawan Basin offshore the Philippines, where it serves as operator with a 35% working interest following the addition of partners Navitas Petroleum in 2022 and Prime Oil and Gas in 2024. The partnership's core activities focus on high-potential frontier areas with limited prior discoveries, targeting oil and gas reserves through seismic surveys, geological assessments, and exploratory drilling; it listed on the Tel Aviv Stock Exchange in 2017 and trades on the Tel Aviv Oil & Gas Index. Recent developments include a tender offer announced in November 2024 by Ratio Energies - Limited Partnership Ratio Energies - Limited Partnership, which already holds a 20% stake, to acquire the remaining 80% of participation units for approximately ILS 63 million at ILS 0.35 per unit, with the acceptance period extended to December 3, 2024, pending shareholder approvals and regulatory clearances.