Israel: Gas Developments Chase Potential Customers

Leviathan 1.2bn cfd Phase-1 development is gathering pace; Tamar is producing 1bn cfd; Greek firm Energean aims for 2020 start-up at its 400mn cfd Karish field. Lots of gas. But it’s difficult to see where the customers will come from.

US firm Noble Energy says that, having sanctioned development of its 22 tcf Leviathan field in February, work “is moving full speed ahead. We are already about 15% complete on the project and remain on track for first production by the end of 2019,” operations chief Gary Willingham told his firm’s 3 August Q2 earnings call.

“Our teams…recently completed drilling operations at Leviathan-5… We've tendered for a rig to drill and complete the remaining [2] wells, the last major contract for the project. And we anticipate awarding that contract in the next couple of weeks and the rig should be in the field in first half of next year,” he says. (CONTINUED - 791 WORDS)

DATA INSIDE THIS ARTICLE

table Leviathan Gas Sales Deals
table Karish & Tanin Sales Deals
chart Tamar On Course To Hit Record Output This Quarter (Mn Cfd)