Isramco operates in two industry segments that include the exploration, development, production and transportation of oil and natural gas in Israel and in the United States, and the holding and leasing of its luxury cruise line vessel. In Israel, the company holds a participation interest in two long-term offshore leases and serves as an operator of one. It also holds a participation interest in an offshore license, and also serves as the operator. In the United States, Isramco, through its wholly owned subsidiaries, Jay Petroleum and Jay Management, is involved in oil and gas exploration and production. The company's luxury cruise liner was purchased in March 2004. The vessel, a Bahamas flagged ship, contains nearly 270 passenger cabins spread out through nine decks. Isramco maintains headquarters in Houston.

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