Whilst ostensibly marking the takeover of UK-based independent Capricorn (MEES, 7 October), a 29 September call by the management of Israel’s NewMed Energy made clear that the firm’s key asset will remain a 45.34% stake in Israel’s 22.3tcf Leviathan field. And the Egypt assets acquired from Capricorn are not even number two – that honor goes to NewMed’s 30% of Cyprus’ Aphrodite.

Chevron, operator of both fields (39.66% of Leviathan, 35% of Aphrodite) appears to be equally bullish, with international upstream chief Clay Neff telling this week’s Energy Intelligence Forum in London that Chevron is “very excited” about the prospects for the assets, “we couldn’t be more excited about entering that region.” (CONTINUED - 954 WORDS)