Output from Israel’s Chevron-operated 22.7tcf Leviathan gas field rose 44% to a record 1.04bn cfd for Q1, data obtained by MEES shows. This came largely at the expense of output from Israel’s other producing field, 11tcf Tamar, also operated by Chevron where production slumped by 24% to 706mn cfd.
As a result, whilst Israel’s overall gas output was up 6% quarter-on-quarter at 1.75bn cfd for Q1, it was just shy of the quarterly record 1.80bn cfd hit in Q3 last year (see chart 1 and MEES, 4 December 2020). Domestic firm Ratio Oil, a junior partner in the field with 15%, tells MEES that the firm is forecasting Leviathan output of between 970-1,040mn cfd for 2021, an increase of up to 50% on 2020’s average output of 700mn cfd. (CONTINUED - 1992 WORDS)
