US major Chevron (39.66%op) and its Israeli partners at Israel’s giant 23tcf Leviathan field, NewMed Energy (45.34%) and Ratio Energies (15%), provided a reserves update on 19 March, confirming their plans for an incremental output boost from 1.2bn cfd to 1.4bn cfd in 2H 2025.
The latest report by US-based experts Netherland, Sewell & Associates (NSAI) shows a 2.2tcf year on year increase in 2P reserves to 15.57tcf at the end of 2022 largely as a result of volumes being shifted from the 2C ‘contingent’ category: 2C reserves fall to 6.30tcf (see chart). (CONTINUED - 582 WORDS)
