Delek Group Nears $2 Billion Deal for Chevron's North Sea Oilfields

Delek Group, an Israeli conglomerate controlled by Yitzhak Tshuva, is close to finalizing a $2 billion deal for Chevron's North Sea oilfields. The assets include the Alba, Alder, Captain, Elgin/Franklin, Erskine, and Jade fields, as well as the Britannia platform and its satellites.

The sale was initiated by U.S. oil major Chevron last July, with Morgan Stanley acting as advisor. Delek beat out competitors, including a consortium formed by Premier Oil and Apollo Global Management, to secure the deal. The company has hired JP Morgan and BNP Paribas as advisors for the acquisition.

The deal is seen as another step towards Delek's expected public listing. Earlier this month, the group acquired Shell's 22.45 percent stake in the Caesar-Tonga field in the U.S. Gulf of Mexico for $965 million.