Chevron Approves Leviathan Gas Expansion
- Leviathan expansion to increase gas delivery to 21 BCM annually.
- Project involves drilling three additional offshore wells.
- Completion expected by the end of the decade.
- Chevron, NewMed Energy, and Ratio Energies are key stakeholders.
Project Overview
Chevron Corporation, through its subsidiary Chevron Mediterranean Limited, and its partners have approved the expansion of the Leviathan natural gas reservoir's production capacity. Located offshore Israel, this strategic platform aims to enhance energy supply to Israel, Egypt, and Jordan.
Expansion Details
The project involves drilling three additional offshore wells, adding subsea infrastructure, and upgrading treatment facilities. These efforts will increase the total gas delivery to approximately 21 billion cubic meters annually from the Leviathan reservoir.
Timeline and Stakeholders
The expansion is expected to be operational by the end of this decade. Key stakeholders in the Leviathan project include Chevron Mediterranean Limited as the operator with a 39.66% interest, NewMed Energy with 45.34%, and Ratio Energies holding 15%.
Regional Impact
This development underscores the commitment to bolster energy security in the Eastern Mediterranean region, meeting the growing energy demands of local and regional markets. The Leviathan platform is situated about 10 kilometers offshore Dor, Israel.
Source: Chevron