Leviathan Phase 1B is a conventional gas development located in ultra-deepwater in Israel and is operated by Chevron Mediterranean. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block I/15 Leviathan North and I/14 Leviathan South, with water depth of around 5,468 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. 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 Chevron, Delek Group and Ratio Energies.
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
About Chevron Mediterranean
Chevron Mediterranean Ltd (Chevron Mediterranean) specializes in focusing on exploration, production, transmission and supply of natural gas. Chevron Mediterranean is headquartered in Herzlia,Cayman Island,the UK.
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