Chevron Approves Expansion of Leviathan Gas Field Offshore Israel

Chevron Corp., through its subsidiary Chevron Mediterranean, and its partners have reached a final investment decision to expand production capacity at the Leviathan natural gas field offshore Israel. The expansion will increase output from the Leviathan production platform, a key natural gas supply source for Israel and regional export markets in the Eastern Mediterranean. The project is expected to begin production toward the end of the decade.

“Chevron is a leading energy player in the Eastern Mediterranean where we are focused on natural gas production and exports. Our operations are critical to meeting the growing energy needs of local and regional markets,” said Clay Neff, President of Chevron Upstream. “Our decision to invest in the expansion of Leviathan’s production capacity reflects our confidence in the future of energy in the region. Pragmatic U.S. and regional energy policies are helping to strengthen energy security across the Eastern Mediterranean and foster an environment that encourages investment in the Middle East and globally.”

The project includes drilling three additional offshore wells, installing new subsea infrastructure, and upgrading treatment facilities on the Leviathan platform. Once completed, total gas deliveries from the reservoir are expected to rise to about 21 billion cubic meters annually. The Leviathan production platform is located about 10 km offshore Dor, Israel. Chevron Mediterranean operates the field with a 39.66% working interest, alongside partners NewMed Energy with 45.34% and Ratio Energies with 15%.

“This milestone demonstrates our ongoing commitment to partner with the State of Israel to develop natural gas resources and provide essential energy to millions of people in Israel, Egypt, and Jordan,” said Jack Baker, Managing Director of Chevron’s Eastern Mediterranean region.

In addition to Leviathan, Chevron holds interests in the Tamar gas field offshore Israel and the Aphrodite gas field offshore Cyprus, which is under development. The company also operates two exploration blocks in Egypt and holds a non-operated interest in another block in the Mediterranean Sea.

Ballymore Project

In April 2025, Chevron U.S.A. began producing oil and natural gas at the Ballymore project in the Mississippi Canyon region of the Gulf of America. This subsea tieback is estimated to contain 150 million barrels of oil equivalent recoverable resources to be extracted over the project’s lifetime. This development is Chevron’s third to produce oil in the last calendar year, with notable start-ups from the Anchor and Whale Projects.

The Ballymore project is slated to produce up to 75,000 barrels of oil per day across three wells, contributing to Chevron’s target to produce 300,000 net barrels of oil equivalent per day in the Gulf of America in 2026. These wells are connected to Chevron’s Blind Faith facility, located only three miles away. Chevron U.S.A. is Ballymore’s operator with a 60% working interest and the co-owner, TotalEnergies E&P U.S.A., holds a 40% working interest.

Anchor Project

In August 2024, Chevron started oil and natural gas production at its deepwater asset in the U.S. Gulf of Mexico—the Anchor project. The Anchor—a semi-submersible floating production unit—features a design capacity of 75,000 gross barrels of oil per day and 28 million gross cubic feet of natural gas per day. The site has reservoir depths up to 34,000 feet below sea-level, and production is aided by high-pressure technology rated up to 20,000 psi.