Leviathan partners consider gas production boost

Feb. 21, 2023

Chevron and its partners have approved investments of about $96.4 million this year for further development of the deepwater Leviathan Field in the eastern Mediterranean offshore Israel.

Offshore staff

TEL AVIV, Israel —Chevron and its partners have approved investments of about $96.4 million this year for further development of the deepwater Leviathan Field in the eastern Mediterranean offshore Israel.

According to partner NewMed Energy, this will cover the FEED for Phase 1B, aimed at raising gas production capacity by 9 Bcm to 21 Bcm per year.

The process will include design of new subsea infrastructure and modifications to the production platform.

There are further plans for a pre-FEED for a future LNG facility with a production capacity of about 4.6 MMt of LNG, for sale to global and domestic markets.

Rights holders in Leviathan are NewMed Energy (45.34%); Chevron Mediterranean (39.66%) and Ratio Energies (15%).

02.21.2023