Leviathan field set for first gas in December

Israel’s giant Leviathan gas field is set to start producing gas in December 2019, as the construction works on the offshore project are nearing completion.

Noble Energy, the operator of the project, said Thursday that the Leviathan development was 96 percent complete and reminded that the production decks were installed on the jacket in the Mediterranean Sea in the third quarter.

According to Noble Energy, delivery of the Leviathan project – dubbed Israel’s largest energy project – is ahead of schedule and below budget.

“During the quarter, the production decks were successfully installed on the jacket, setting the offshore world record for the largest crane vessel lift in history (15,300 metric tons),” Noble Energy said.

As previously reported, the Heerema’s SSCV Sleipnir, the world’s largest crane vessel, was responsible for the record 15,300 tonnes lift in September, installing the topsides for Noble Energy’s Leviathan

“Full hookup of the platform and living quarters, as well as platform commissioning, continues to progress towards the first production in December,” Noble said.

Noble also said that total gross capital for the project has been reduced by $150 million to $3.6 billion. The oil and gas firm also shared that it had completed the acquisition of an interest in the EMG pipeline in early November.

The EMG pipeline is a gas pipeline linking Israel and Egypt, which will serve as a transport route for gas from Israel’s Tamar and Leviathan offshore gas fields to Egypt.

Noble on Thursday posted a net income of $17 million for the third quarter of 2019, down from $227 million in 3Q 2018.

Revenues for the quarter were $1,1 billion, down from $1,27 billion a year ago.

Total sales volumes for the quarter averaged 385 thousand barrels of oil equivalent per day (MBoe/d), an increase of 12% from the third quarter of 2018.

Offshore Energy Today Staff

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