Our significant world-class discoveries in the Eastern Mediterranean provide an exceptional opportunity to deliver energy security and economic development for Israel and Cyprus. And – through exports – to the region.
Noble Energy was the first operator to discover natural gas resources offshore both Israel and Cyprus. Since we began operating in the Eastern Mediterranean region in 1998, we drilled 11 successful exploration and appraisal wells and discovered more than 40 Tcf of natural gas resources in the Levant Basin.
We also successfully and efficiently moved from discovery to execution of large-scale projects. Just four years after discovery, we delivered the first supply of domestic natural gas to Israel from the Mari-B field in 2004. Just 2 1/2 years from sanction, we brought the Tamar field online in 2013.With nearly 100 percent uptime, our Tamar platform is providing a clean, reliable source of fuel to generate more than half of Israel's electricity.
The Leviathan field is expected to provide a second source of supply and another entry point into Israel's domestic natural gas transport system, while also delivering exports to regional countries.
The Israeli Government approved the Natural Gas Regulatory Framework and the Leviathan Plan of Development (POD), which contemplates a subsea system that connects production wells to a fixed platform located offshore with tie-in onshore in the northern part of Israel. The fixed platform's initial capacity is anticipated to start at 1.2 Bcf/d and is expandable to 2.1 Bcf/d as sales contracts are solidified.
This further builds upon recent regulatory momentum, including the government's approval of the offshore location for the Leviathan platform and pipeline connection onshore. In addition, Noble Energy and partners have made quick progress marketing natural gas to new customers.
Timing of a Final Investment Decision will depend on completion of four critical workstreams: regulatory approvals, finalization of gas sales agreements, technical work and financing.
We also filed a preliminary field development plan for the Aphrodite field located in Block 12 offshore Cyprus, and we are working with the government and our partners to finalize the plan.
The Eastern Mediterranean presents an opportunity to match our low-cost, abundant supply of natural gas with large regional demand. With the 10 Tcf Tamar field already online, the 22 Tcf Leviathan field appraised and flow tested, and a discovery offshore Cyprus, we are well positioned to supply natural gas to the region for many years.
Learn about the benefits our natural gas discoveries provide to Israel here.
For the latest Eastern Mediterranean news, see the most recent presentation on the Investor Events page.