Israel's Leviathan may have 1.5B barrels of oil, Bloomberg says

theflyonthewall.com

Noble Energy (NBL) believes that it will find as much as 1.5B barrels of crude oil in the Leviathan field off the coast of Israel, according to Bloomberg. In May Ha'aretz reported that Leviathan was thought to contain just 34M barrels of condensate, one of the raw materials used to make brent oil, a light crude oil. Noble Energy currently owns a 39.6% stake in Leviathan, but has indicated that it would look to sell a portion of its stake to Australia's Woodside Petroleum (WOPEY).

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