Tel Aviv, December 14, 2015. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that attached are Immediate Reports published by both Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership concerning their response to media reports about the development plan for the Leviathan field.
In respect of the media reports of a reduced development plan for the Leviathan field that is in the area of the I/14 "Leviathan South" and I/15 "Leviathan North" leases ("the Leviathan Field"), the Partnerships wish to clarify that contrary to what has been published, the basic outline development plan for the Leviathan Field, advanced by the project partners, is intended to produce and handle a maximum daily output of natural gas of approximately 1.6 - 1.8 BCF (maximum of 16 - 18 BCM per annum) using various engineering alternatives.
This is in order to supply gas from the Leviathan Field to customers in the Israeli market, to NEPCO in Jordan, customers in Egypt (mainly BG) and to the Palestinian Authority, in accordance with the letters of intent signed to date.
The Partnerships are assessing, as required, together with their partners in the Leviathan Field, different possibilities to adapt the capacity of the development plan to the various marketing programs for gas from the Leviathan Field, and nevertheless, as stated above, the basic development plan outline has not been altered.
Partners in the Leviathan Reservoir and their percentage holdings are as follows:
| Noble Energy Mediterranean Ltd. Avner Oil Exploration - Limited Partnership Delek Drilling Limited Partnership Ratio Oil Exploration (1992) - Limited Partnership | 39.66% 22.67% 22.67% 15.00% |
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on December 14, 2015.
About The Delek Group
The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF.
In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector.
For more information on Delek Group please visit www.delek-group.com
Contact
| Investor Relations Delek Group Tel: +972 9 863 8444 Email: investor@delek-group.com Source |
