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November 23, 2021

Leviathan Phase 1B Conventional Gas Field, Israel

By Carmen

Leviathan Phase 1B is a conventional gas development located in ultra-deepwater in Israel and is operated by Noble Energy Mediterranean. Leviathan Phase 1B lies in block I/15 Leviathan North and I/14 Leviathan South, with water depth of around 5,468 feet.

The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2021. The development cost is expected to be $1,500 m. The Leviathan Phase 1B conventional gas development will involve the drilling of approximately four wells and includes subsea tree.

Field participation details

The field is owned by Delek Group, Chevron and Ratio Oil Exploration Ltd Partnership.


Production from Leviathan Phase 1B

Production from the Leviathan Phase 1B conventional gas development project is expected to begin in 2025 and is forecast to peak in 2028, to approximately 990 bpd of crude oil and condensate and 550 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2065.


Remaining recoverable reserves

The field is expected to recover 993.45 Mmboe, comprised of 10.51 Mmbbl of crude oil & condensate and 5,897.64 bcf of natural gas reserves.


Contractors involved in the Leviathan Phase 1B conventional gas field

Some of the key contractors involved in the Leviathan Phase 1B project as follows.

EPC Contractors: Schlumberger

Other Contractors: Schlumberger

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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