The Leviathan partners Delek Group, (units Avner Oil and Gas and Delek Drilling) Ratio Oil Exploration, notified the Tel Aviv stock Exchange this morning that together with the US license operator Noble Energy they will be making an initial $120 million investment in developing the field.
The partners also reported that they are in talks with several entities on gas export deals, both in Israel and abroad on gas supply agreements.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
The $120 million will be spent on FEED services (detailed engineering specifications) and procurement of equipment and services for developing the field.
Israeli High Court of Justice is not approved yet the new gas outline agreement with the “softened” stability clause. The partners estimated that gas will begin flowing from Leviathan by the end of 2019.
