Delek backs first phase investment decision at Leviathan

The group’s two subsidiaries, Delek Drilling and Avner Oil, now await a final investment decision from the US operator and minority partner Ratio Oil, with first gas targeted by the end of 2019.

The initial Leviathan project, called stage 1A, is expected to cost between $3.5 billion and $4 billion and exploit 1.2 billion cubic feet per day of gas.