Leviathan construction passes two-thirds point

Gross gas sales from Noble Energy’s fields offshore Israel rose by 9% during 3Q to 1,090 MMcf/d, due to increased electricity demand and higher coal displacement.

Nov 7th, 2018

Offshore staff

HOUSTON – Gross gas sales from Noble Energy’s fields offshore Israel rose by 9% during 3Q to 1,090 MMcf/d, due to increased electricity demand and higher coal displacement.

Construction of thedeepwater Leviathan project is 67% complete, and on schedule for first gas sales by the end of 2019.

Installation of the subsea trees has finished, and fabrication of the deck and jacket is progressing. In addition, two of the four first-phase production wells have been completed, with flow tests confirming deliverability of more than 300 MMcf/d per well.

During 3Q, Noble executed agreements for multiple transportation routes for exports of gas from Leviathan and the Tamar field to Egypt, also entering agreements to acquire a 10% indirect equity ownership in the EMG pipeline.

It has also initiated studies for flow reversal and expects to demonstrate interruptible gas sales from Tamar to Egypt during the first half of 2019.

Once the transaction has closed, the company and its partners will become operators of the pipeline and obtain access to its full capacity. And Noble has secured an option to transport natural gas within Egypt through the Aqaba El Arish pipeline.

11/07/2018

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