Noble Seeks To Sell Off 15 Percent Of Leviathan Gas Field

21 Apr 2016   Israel

Though a game-changing gas discovery for Israel and for the discoverer, Texas-based Noble Energy, the giant Leviathan offshore gas field in the Eastern Mediterranean has been one bureaucratic headache after another. Now reports are surfacing that the company is seeking to reduce exposure by selling 15 percent of its 40 percent interest in the project. Noble Energy discovered the Leviathan deposit back in 2010: a field that holds an estimated 17 trillion cubic feet of natural gas and can turn Israel into not just a self-sufficient nation in energy terms, but also into a large exporter of gas. It could, were it not for legal and political issues that have put spokes in the wheels of the project since its inception. Noble has partnered with Israeli energy companies Delek Group, which holds 45 percent in the project, and Ratio, with 15 percent, for the development of Leviathan. The total […]

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