TEL AVIV, Israel – Delek Group has issued a brief update on Israel’s recent approval of the development plan for the deepwater Leviathan gas field, which is expected to deliver 21 bcm (742 bcf) annually.
In the approval letter the Petroleum Commissioner stipulated the processes for implementation of the plan, estimating that around 498 bcm (17.6 tcf) would be produced from the field.
The commissioner also noted that following the receipt of additional data, including results from the Leviathan 5 well, the estimated production amount would be updated, in part to determine export permits.
Delek’s view is that the estimated amount is sufficient for full implementation of the development plan to produce 21 bcm/yr as approved, and for full implementation of the export agreements applicable to a scheme of this scope.
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