The two countries intend to set up consortia to develop promising offshore deposits.

Israelis are no longer required to report offshore deposits of less than $5 million, and new immigrants need not report any foreign holdings.

Our guide to offshore deposits takes you step by step through choosing the right account and making sure you continue to get the best deal.

Because offshore deposits make production expensive, Brazil would have to invest $13 billion a year to attain self-sufficiency by 2010.

Chinese and foreign oil experts believed that offshore deposits were extensive and could equal onshore reserves.

He advocated reform of the financial sector, including limiting offshore deposits by local banks to no more than 10% of their holdings.

He said his ministry had prepared a bill to reduce or eliminate taxes on companies exploring such hard-to-reach offshore deposits and fields.

Natural gas can be transported from offshore deposits through the ocean, instead of through neighborhoods.

The decision in a longstanding dispute could shuffle some of the oil wealth in an area thought to hold huge offshore deposits.

Previously, gas had been extracted from onshore deposits, but never from offshore deposits which are much more common.