US major Chevron (39.66%, op) and its Israeli partners NewMed Energy (45.34%) and Ratio Energies (15%), at Israel’s key 1.2bn cfd Leviathan field on 31 July approved a $500mn budget to launch Front-End Engineering Design (FEED) for expansion of output capacity to 2.1bn cfd by 2029.
And both NewMed and Ratio, in separate 1 August filings, say the partners “are also exploring the possibility of laying a fourth subsea transmission pipeline” which would boost capacity to 2.35bn cfd. MEES learns this is part of the ‘Phase 1B’ expansion. (CONTINUED - 514 WORDS)
