US oil and gas supermajor Chevron and its partners in the Leviathan project have reached a final investment decision (FID) to expand the production capacity of the Leviathan production platform off Israel. The Leviathan expansion project is expected to come online near the end of the decade. The project includes drilling three additional offshore wells, adding additional subsea infrastructure, and enhancing the treatment facilities on the Leviathan production platform as we progress towards increasing total gas delivery to Israel and the region to approximately 21 bcm annually from the reservoir. “Our decision to invest in the expansion of Leviathan’s production capacity reflects our confidence in the future of energy in the region. Pragmatic US and regional energy policies are helping to strengthen energy security across the Eastern Mediterranean and foster an environment that encourages investment in the Middle East and globally,” said Jack Baker, managing director of Chevron’s Eastern Mediterranean region. The Leviathan production platform is located approximately 10 km offshore Dor, Israel. Leviathan working interest owners include Chevron as the operator with a 39.66% stake, while NewMed Energy and Ratio Energies hold 45.34% and 15%, respectively. In addition to Leviathan, Chevron’s assets in the Eastern Mediterranean include the Tamar gas-producing field off Israel and the Aphrodite gas field, currently in development off Cyprus. Chevron is also the operator of two Egyptian exploration blocks and is in a non-operated joint venture in one Egyptian exploration block. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsIsrael United States