Woodside: Leviathan Deal Delayed

LNG Player Woodside and the Leviathan joint venturers (Noble Energy, Delek, Avner Oil and Ratio Oil) failed to execute a definitive agreement by the target date of 27 March.

Discussions continue with the parties and the Israeli Government with a view to resolving the remaining issues and executing definitive agreements,” Woodside said in a statement.

According to Israeli media, there were certain tax issues that still needed to be worked out between the companies.

Woodside and the Leviathan joint venture participants signed a memorandum of understanding last month to negotiate the acquisition of a 25% participating interest in each of the 349/Rachel and 350/Amit petroleum licences.

The Leviathan field is contained within the licences, and has an estimated ‘2C’ contingent resource of 18.9 trillion cubic feet of natural gas and 34.1 million barrels of condensate.

Woodside would be the operator of any LNG development of the field, while Noble Energy would remain upstream operator.

The MoU contemplates supply of domestic gas to Israel, LNG exports and supply to neighbouring countries.

LNG World News Staff, March 28, 2014

 

 

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >