BRIEF-Chevron Takes Final Investment Decision On Leviathan Gas Expansion

Reuters01-16
BRIEF-Chevron Takes Final Investment Decision On Leviathan Gas Expansion

Jan 16 (Reuters) - Chevron Corp CVX.N:

  • CHEVRON TAKES FINAL INVESTMENT DECISION ON LEVIATHAN GAS EXPANSION

  • REACHED INVESTMENT DECISION $(FID)$ TO EXPAND PRODUCTION CAPACITY OF STRATEGIC LEVIATHAN PRODUCTION PLATFORM LOCATED OFFSHORE ISRAEL.

  • PROJECT INCLUDES DRILLING THREE ADDITIONAL OFFSHORE WELLS

  • LEVIATHAN EXPANSION PROJECT IS EXPECTED TO COME ONLINE TOWARDS END OF THIS DECADE

  • INCREASING GAS DELIVERY TO 21 BCM ANNUALLY FROM LEVIATHAN

  • PROJECT INCLUDES DRILLING THREE OFFSHORE WELLS

  • WORKING INTEREST OWNERS INCLUDE CHEVRON MEDITERRANEAN LIMITED AS OPERATOR (39.66%), NEWMED ENERGY (45.34%), AND RATIO ENERGIES (15%).

  • CHEVRON TAKES FINAL INVESTMENT DECISION ON LEVIATHAN GAS EXPANSION

Source text: ID:nBw2wBrWpa

Further company coverage: CVX.N

((Reuters.Briefs@thomsonreuters.com;))

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