Chevron takes final investment decision to expand capacity of Leviathan

Chevron (CVX) by its subsidiary, Chevron Mediterranean, and the working interest owners of the Leviathan natural gas reservoir have reached a final investment decision to expand the production capacity of the strategic Leviathan production platform located offshore Israel. The Leviathan expansion project is expected to come online towards the end of this decade. The project includes drilling three additional offshore wells, adding additional subsea infrastructure, and enhancing the treatment facilities on the Leviathan production platform as we progress towards increasing total gas delivery to Israel and the region to approximately 21B cubic meters annually from the Leviathan reservoir. The Leviathan production platform is located approximately 10 kilometers offshore Dor, Israel. Leviathan working interest owners include Chevron Mediterranean as operator, NewMed Energy and Ratio Energies. In addition to Leviathan, Chevron’s assets in the Eastern Mediterranean include the Tamar gas producing field, and the Aphrodite gas field which is currently in development. Chevron is also the operator of two Egyptian exploration blocks and is in a non-operated joint venture in one Egyptian exploration block.