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Leviathan natural gas platform on its way to Israel

Jul. 15, 2019 12:39 PM ETChevron Corporation (CVX) Stock, DKDRF StockCVX, DKDRFBy: Carl Surran, SA News Editor
  • Noble Energy (NBL -2.8%) and Delek Drilling (OTC:DKDRF) say the first of four giant barges transporting the Leviathan natural gas platform to Israel has departed the Gulf of Mexico ahead of its planned offshore installation in September.
  • Five operational structures - the 38K-ton topsides of the Leviathan platform – will make the trans-Atlantic journey, with the remaining barges due to set sail from Texas in the coming weeks.
  • After connecting the units to the platform, NBL will start a series of commissioning tests before initiating commercial gas flow to the Israeli market before the end of 2019.
  • Leviathan, with 22T cf of reserves, was discovered in 2010 and is one of the world's largest gas discoveries of the past decade.

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