Australia's second largest oil and gas producer Woodside Petroleum has confirmed, the company is currently bid Israel offshore (including huge Leviathan oilfield) of oil production, it was believed that a potential trade amount to billions of yuan.

The move reflects the Woodside chief executive Coleman (Peter Coleman) to broaden the oil and gas producer business market.

Woodside has revealed, the company is currently in negotiations with the permit holder of initial stage, anything about market price and terms speculation has been early.

Coleman has always been committed to the development of new Woodside for overseas development opportunity, he said only to depend on the domestic three in the liquefied natural gas (LNG) project on such a company is too limited.

Woodside had with partners tender Cyprus (Cyprus) oil concession, just last week with Korean Daewoo International form exploration joint ventures, joint development Burma offshore oil.

Coleman says he recently told Israel's recent petroleum resources produce strong interest, Noble Energy company (Noble Energy) also have and Israel experienced local operators cooperative development plan.

According to the Israel business news service company Globes latest news, Woodside has put forward to Leviathan concession bidding, than going to the market value of a 50% premium price bidding 30% of the concession.

According to the Reuters reports, Coleman has and Israeli prime minister netanyahu meeting. Globes points out, Woodside proposed offer will make the oil field worth $7.5 billion, far higher than previously analysts estimate of 4.7 billion - 5.5 billion the value of the dollar.

Leviathan is in recent years the world's largest deep natural gas field, one of the rich in about 17 trillion cubic feet of gas.