Leviathan, drilling set to being in 2017

Leviathan, drilling set to being in 2017

Giacomo Maniscalco
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The partners in charge of the Israeli gas field will open extracting activities from Leviathan-5. The well, valued at $77 billion, will supply gas to serve both the Israeli local market and potential export outlets

The partners working on the Leviathan gas field, in the Israeli offshore, announced for early 2017 the start of gas extraction. The decision, an important turning point for the country’s LNG sector, involves drilling in the Leviathan-5 well, a part of the 613 bmc gas field located about 130 km due West of Haifa.
The gas field is managed by the Leviathan group, made of the Israeli company Delek Drilling (22.67%), Avner Oil & Gas (22,67%), Ratio Oil (15%) and the Texan Noble Energy (39,66%), and reached a deal with the Israeli Government to open up the development of the reservoir.
"Drilling the Leviathan-5 well is a step forward in promoting the project, and is another reflection of Noble Energy’s commitment to meeting the time table of piping the gas to Israel before the end of 2019," said Bini Zomer, a manager at Noble Energy Israel.
Appraised at $77 million, the well will supply gas to serve both the Israeli local market and potential export outlets. The partners have in fact signed a $10 billion deal to supply Jordan’s National Electric Power Company Ltd. (NEPCO) with 45 billion cubic meters of gas over the next 15 years, and are continuing to explore export options in the European market.
The development of the Leviathan-5 will be carried out by the Atwood Advantage vessel, currently being used in the drilling of another well, the Tamar-8, part of the Tamar, another large Israeli gas field with a capacity of 282 bcm which has been supplying gas to the country since March 2013.