Alongside Eni (MEES, 3 November), Chevron is the key player in East Med gas, operating both of Israel’s key fields, Leviathan and Tamar, as well as planned 3.5tcf developments off Cyprus (Aphrodite, MEES, 3 November), and Egypt (Nargis). Despite the 13tcf Tamar field seeing its output shut in since Hamas’ deadly 7 October assault on Israel – the field’s production platform lies just 25km from Gaza – CEO Mike Wirth tells investors that his firm is playing a long game in the region.
The ongoing Israel/Hamas war “doesn’t change our view on the development opportunities at all…this is a long-term play. It’s a very, very large gas resource,” Mr Wirth told his firm’s 27 October earnings call. (CONTINUED - 866 WORDS)
