David L. Stover, the company’s chairman and CEO, said: “First gas is online less than three years from project sanction and capital expenditures were $150 million under budget.
“Combined with Tamar, our Israel assets provide a differential production profile and cash flow outlook for Noble Energy far into the future.”
J. Keith Elliott, senior vice president Offshore, added: “Leviathan natural gas provides redundancy in supply domestically and helps transition Israel to become a significant exporter of energy to regional and global customers for the first time.”
Noble discovered the field in 2010: the first development phase, sanctioned in 2017, comprises four wells producing through two 18-in., 73-mi (117-km) subsea tiebacks to a processing platform offshore northern Israel.
Leviathan, in deepwater around 80 mi (129 km) offshore in 5,500 ft (1,676 m) of water, contains estimated recoverable resources of 22 tcf. The first phase of development has a designed production capacity of 1.2 bcf/d of natural gas.
Noble’s partners are Delek Drilling LP and Ratio Oil Exploration LP.