Shares in Leviathan partner companies rallied Sunday in Tel Aviv trading upon release of report. Field worth $2.9 billion – $4.4 billion more.
The size of natural gas reserves in Israel’s Leviathan offshore natural-gas field is 16.4% bigger than previously estimated, partners in the field said on Sunday.
![Drilling platform of the Leviathan natural gas field.](https://www.haaretz.com/polopoly_fs/1.464177.1391769464%21/image/264870990.jpg_gen/derivatives/landscape_640/264870990.jpg)
Drilling platform of the Leviathan natural gas field. – Photo: Albatross
Based on an updated analysis by consultant Netherland Sewall & Associates, the reserves’ “best estimate” was increased to 21.93 trillion cubic feet (620 billion cubic meters) from 18.91 tcf. The high estimate was raised by 10% to 26.52 tcf, while the low estimate was increased by 11% to 16.58 tcf.