Israel: Leviathan FID set for 4Q 2016. Development concept revealed

What Israeli energy minister would not reveal during the IHS CERAWeek on Wednesday, Delek Group revealed on Thursday.

Namely, Minister Yuval Steinitz on Wednesday revealed that Noble Energy had submitted a plan for development of the Leviathan, the giant gas field offshore Israel.

Asked by Offshore Energy Today on the concept selection, and whether it would be a floating or a fixed platform solution, he said he wouldn’t go into the specifics, but added it was going to be a „good platform“. (More here: However, it didn’t take long for us to learn what the concept really is.

In a statement on Thursday, Delek Group, a partner in the Noble Energy-operated Leviathan project said the field would be developed via eight production wells connected via a subsea pipeline to a fixed platform which will be built offshore.

According to Delek, the infrastructure will be designed to accommodate approximately 21 BCM of gas per year, up from 16 BCM per year in the Original Development Plan.

Furthermore, according to preliminary estimates, the cost of the whole development is expected to be around $ 5-6 billion, down from the originally expected $6-7 billion.

The final investment decision, Delek said, may be expected in the fourth quarter of the year, with first gas from the Leviathan expected in the fourth quarter of 2019.

Offshore Energy Today Staff

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