Noble
Energy Inc.(NYSE:NBL) plans delivering up to 750 million cubic feet
of gas per day from the Leviathan field in the first phase of development in
its 2012, the company told its analysts conference The first gas will be
delivered, the company added, via a northern entry point in 2016.
Noble continued that the project
plans additional capacity for exports via pipeline, onshore LNG, or floating
LNG as early as 2018. The Mesozoic oil prospect below the Leviathan gas
discovery is planned to be spud late next year, the company said.
Noble Energy said, "The 17 TCF
Leviathan development will increase the deliverability and reliability of
domestic supply to Israeli customers. Development plans have been significantly
advanced with the announced agreement in principle with Woodside Energy as a
strategic partner in the project. Noble Energy will continue as upstream
operator and will retain 30% working interest."
One analyst told "Globes"
"This is a very positive forecast and earlier than expected."
On the Tamar prospect Noble Energy
said, "The Tamar project is on schedule for first production in April
2013. Sales for the remainder of 2013 following first production are expected
to average approximately 700 million cubic feet daily with a peak capacity of
nearly 1 billion cubic feet per day."
"The jacket and topsides
installations will be completed by the end of the year and the world's longest
subsea tieback will begin commissioning shortly thereafter. The realized price
will be a blended price that will rise as Tamar volumes continue to grow. Future
expansion phases will increase deliverability using compression at the onshore
terminal along with a combination of system optimization and storage at Mari-B,
allowing sales to grow to an average of approximately I billion cubic feet
daily."