Leviathan Gas Platform Gets Green Light For Major Expansion Initiative

Chevron (CVX) and its partners have greenlit a significant scale-up project for the Leviathan offshore natural gas platform located in Israeli waters. This marks a major milestone in the field’s development trajectory, with deployment anticipated by the end of this decade.

The initiative focuses on enhancing production capacity through an integrated technical roadmap. The scope of work encompasses drilling three new subsea wells, installing advanced subsea infrastructure networks, and upgrading the processing systems at the Leviathan facility to handle increased throughput.

Key Stakeholders and Equity Distribution

The Leviathan consortium comprises three primary working interest holders managing this expansion effort:

• Chevron Mediterranean Limited serves as the operator with a 39.66% stake
• NewMed Energy holds the largest share at 45.34%
• Ratio Energies maintains a 15% interest in the project

Project Scope and Timeline

This expansion initiative represents a strategic investment in extending the platform’s production potential. By incorporating additional drilling capacity, expanded subsea systems, and modernized treatment infrastructure, the project aims to optimize output from one of the Eastern Mediterranean’s significant gas reservoirs.

The timeline positions implementation through the remainder of this decade, enabling the consortium to meet evolving regional energy demands while maintaining operational efficiency across the enlarged platform footprint.