Recently, South Korean shipbuilding giant Hanwha Ocean has secured a contract from U.S. energy giant Chevron to manufacture modules for the Leviathan field expansion project. The project involves adding integrated modules to existing production platforms to enhance the oil field’s production capacity.
Since the third quarter of 2024, Hanwha Ocean has been supporting the Leviathan Expansion Project, including providing constructability advice. Upon successful implementation, the project is expected to meet the growing energy demands of both local and regional markets.
The Leviathan expansion project is located about 10 kilometers offshore from Dol, Israel, and is expected to be operational by the end of this century. The project includes the construction of three new offshore drilling rigs, the addition of subsea infrastructure, and the upgrading of the processing facilities of the Leviathan production platform.
The Leviathan Expansion Project’s equity interests are held as follows: Chevron, as the operator, holds a 39.66% stake; NewMed Energy holds 45.34%; and Ratio Energies holds 15%.