Delek Group approves Leviathan development plan

Partners in the Leviathan natural gas project offshore Israel plan to start gas production by yearend 2019. Stage 1A of the development plan has a proposed budget of $3.5-4 billion with estimated capacity of 12 billion cu m of gas/day, according to reports from Delek Group subsidiaries Delek Drilling Ltd. and Avner Oil Exploration Ltd.

In September, NBL Jordan Marketing Ltd., a wholly owned subsidiary of the Leviathan partners, announced a plan to supply as much as 45 billion cu m of gas at the Jordan-Israel border to National Electric Power Co. of Jordan (OGJ Online, Sep. 26, 2016).

Noble Energy Inc., which operates Leviathan field with a 39.66% interest, said in September it had signed contracts with Israeli buyers for 100 MMcfd of Leviathan gas.

Delek Drilling and Avner Oil Exploration hold 22.67% interests each. Ratio Oil Exploration (1992) LP holds 15%.

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