Chevron, through its subsidiary Chevron Mediterranean, along with the Leviathan natural gas reservoir’s working interest owners, has made a final investment decision (FID) to increase the production capacity of the Leviathan platform.
The platform is situated roughly 10km off the coast of Dor in Israel.
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The expansion project is reportedly valued at approximately $2.36bn.
This expansion includes drilling three new subsea wells, enhancing subsea infrastructure and upgrading the treatment facilities on the Leviathan production platform.
The initiative aims to increase the capacity of the offshore facility to enhance gas supply to Israel, Egypt and Jordan.
The Leviathan expansion project is scheduled to commence production by the end of this decade.
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By GlobalDataChevron Eastern Mediterranean region managing director Jack Baker said: “This milestone demonstrates our ongoing commitment to partner with the State of Israel to develop natural gas resources and provide essential energy to millions of people in Israel, Egypt and Jordan.”
The working interest ownership of Leviathan consists of Chevron Mediterranean with 39.66%, NewMed Energy at 45.34% and Ratio Energies with 15%.
The goal is to elevate gas production from the Leviathan reservoir to approximately 21 billion cubic metres (bcm) per year.
Chevron upstream president Clay Neff said: “Chevron is a leading energy player in the Eastern Mediterranean where we are focused on natural gas production and exports. Our operations are critical to meeting the growing energy needs of local and regional markets.
“Our decision to invest in the expansion of Leviathan’s production capacity reflects our confidence in the future of energy in the region. Pragmatic US and regional energy policies are helping to strengthen energy security across the Eastern Mediterranean and foster an environment that encourages investment in the Middle East and globally.”
Besides Leviathan, Chevron also manages assets such as the Tamar field off Israel’s coast and is involved in developing the Aphrodite field offshore Cyprus.
The company operates two exploration blocks in Egypt and participates in a joint venture for another exploration block in the Mediterranean Sea.
In December 2025, Chevron began oil production at its South N’dola platform off the coast of Angola. This milestone occurred just over two years after the construction started.
The platform is located in Block 0, an offshore area that contributes approximately 12% of Angola’s daily energy production.
