Chevron Mediterranean Ltd. (CML), a subsidiary of Chevron Corp., has reached a final investment decision (FID) to expand production capacity of the Leviathan production platform 10 km offshore Dor, Israel.
Stage 1 of the Eastern Mediterranean includes drilling three offshore wells, adding subsea infrastructure, and enhancing treatment infrastructure on the platform to increase total natural gas delivery to about 21 billion cu m/year (bcmy) from the Leviathan reservoir. Leviathan typically produces about 12 bcmy.
There is potential for additonal expansion, said partner NewMed Energy LP in a separate release. Stage 2 would expand total gas production capacity to about 23 bcmy by laying a fourth pipeline between the field and the platform and installing additional subsea systems, the company said. FID for Stage 2 is expected in the coming years, it said.
The total budget for Leviathan is about $2.36 billion. First gas from the expansion project is expacted in second-half 2029.
The Leviathan reservoir lies within the I/14 Leviathan South and I/15 Leviathan North leases and contains estimated 2P reserves of about 22.4 tcf.
Chevron Mediterranean is operator (39.66%) with partners NewMed Energy (45.34%) and Ratio Energies (15%).
