Noble Announces First Gas from Leviathan

Noble Energy, Inc. announced the commencement of natural gas production from the Leviathan field on December 31st, following earlier delays.  Leviathan is the largest natural gas field in the Eastern Mediterranean. 

In a news statement, Noble's Chairman and Chief Executive Officer David L. Stover, stated, “This is a historic day for Noble Energy. The safe and successful execution of the initial phase of Leviathan development has been world-class, continuing our exceptional track record of major project delivery. First gas is online less than three years from project sanction and capital expenditures were $150 million under budget. Combined with Tamar, our Israel assets provide a differential production profile and cash flow outlook for Noble Energy far into the future.”

Noble Energy holds a 39.66 percent working interest in the Leviathan project. Other interest owners include Delek Drilling LP with 45.34 percent and Ratio Oil Exploration LP with 15 percent interest.