Overview
- Chevron Mediterranean Limited, NewMed Energy, and Ratio Energies reached a final investment decision to expand the Leviathan offshore platform.
- The project will drill three additional wells, install new subsea infrastructure, and upgrade treatment facilities on the production platform.
- Total deliveries are targeted at about 21 billion cubic meters per year to serve Israel, Egypt and Jordan, with operations expected toward the end of the decade.
- The Leviathan partners hold the following interests: NewMed Energy 45.34%, Chevron Mediterranean Limited 39.66%, Ratio Energies 15%.
- NewMed outlined an interim uplift to roughly 14 bcm this year and previously cited an investment estimate near $2.4 billion.