Houston-based Noble Energy, operator of Israel’s two key gas fields, 23tcf Leviathan which began production at the end of 2019 and 11tcf Tamar, was full of optimism as it reported its 2019 results on 13 February. But expectations that key Leviathan customer Egypt will take increased volumes are difficult to square with that country’s gas surplus (MEES, 14 February).
“As we have ramped up production… the [four] Leviathan wells have proven to be even more prolific than we anticipated,” Noble President and COO Brent Smolik says. “Well deliverabilities [are] exceeding 400mn cfd due to the very high reservoir permeabilities and thickness.” (CONTINUED - 436 WORDS)
