Woodside Mulls FID for Leviathan Field

Australia’s largest oil and gas company Woodside said that its final investment decision on the Leviathan field would be announced during the first half of 2014. 

‘The Israeli government is finalising its tax policy setting for gas export projects, which we expect will become clear in the first half of 2014. A final decision with respect to Woodside’s farm-in offer is expected during the first half of 2014,’ reads a note released on Tuesday.

Woodside and the Leviathan Joint Venture participants are discussing the offer.

A non-binding deal that was penned earlier in February 2013. The Australian company would acquire 30% equity in the Leviathan field.

Woodside’s involvement in Israel depends on the country’s export decisions. As suggested in a recent story, a cap on exports would disincentive the company to invest there.