After posting record output of 11.4bcm (1.103bn cfd) last year, US major Chevron (39.66%op) and its Israeli partners NewMed Energy (45.34%) and Ratio Energies (15%) at the giant 23tcf Leviathan field are eying more gains in the years to come.
Chevron plans to take FID later this year on expansion to 2.1bn cfd with a 4.6mn t/y FLNG the favored option (MEES, 24 February). But this is unlikely to be online before the end of the decade. Well before this Chevron and its partners plan to hike capacity from current 1.2bn cfd to 1.4bn cfd by mid-2025. The related reserves were booked earlier this year (MEES, 24 March) with Chevron expected to take FID this quarter having already approved $208mn of a planned budget of $562mn for the expansion. (CONTINUED - 866 WORDS)
