JERUSALEM—The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on July 14.
The first of four barges transporting the production structure units has left Texas and the other three will set sail in the coming weeks. In September, all the units will be installed on the jacket of the platform already in place 10 km from Israel's shore.
After connecting the units to the platform, Noble Energy , one of Leviathan's partners, will start a series of commissioning tests before initiating commercial gas flow to the domestic market before the end of 2019.
Earlier this month, testing of a subsea natural gas pipeline to Egypt was completed, in the wake of a deal to export $15 billion in gas to a customer in Egypt.
Leviathan, with 22 Tcf of reserves, was discovered in 2010 and is one of the world’s largest gas discoveries of the past decade.
SandRidge agreed to acquire debt-free Bonanza Creek’s D-J Basin assets in a cash-and-stock transaction at a 17.4% premium.
CEO David Stover said the sale enables Noble to further focus on its highest-return areas, including the Delaware Basin.
George Solich’s FourPoint will join forces with Double Eagle to form DoublePoint with more than 70,000 acres in the core of the Midland Basin.