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The Leviathan gas field is a large natural gas field located in the Mediterranean Sea off the coast of Israel. It was discovered in June 2010. The gas field is located roughly 130 kilometres (81 mi) west of Haifa in waters 1,500 metres (4,900 ft) deep in the Levantine basin, a rich hydrocarbon area in one of the world’s larger offshore gas finds of the past decade. The gas find has the potential to change Israel's foreign relations towards a closer collaboration with Cyprus and with Greece.
The first well, Leviathan 1, was first drilled to a depth of 5,170 metres (16,960 ft) where the deposits contained 16 trillion cubic feet (450 billion cubic metres) of natural gas. The second stage of drilling of the Leviathan 1 well is intended to reach a depth of 7,200 metres (23,600 ft) where the estimated natural gas reserve is an additional 9 trillion cubic feet (250 billion cubic metres). Alongside natural gas the Leviathan gas field is believed to possibly contain 600 million barrels of oil. The well is drilled by Homer Ferrington drilling rig.
Oil and natural gas are produced by the same geological process according fossil fuel suggestion: anaerobic decay of organic matter deep under the Earth's surface. As a consequence, oil and natural gas are often found together. In common usage, deposits rich in oil are known as oil fields, and deposits rich in natural gas are called natural gas fields.
In general, organic sediments buried in depths of 1,000 m to 6,000 m (at temperatures of 60 °C to 150 °C) generate oil, while sediments buried deeper and at higher temperatures generate natural gas. The deeper the source, the "drier" the gas (that is, the smaller the proportion of condensates in the gas). Because both oil and natural gas are lighter than water, they tend to rise from their sources until they either seep to the surface or are trapped by a non-permeable layer of rock. They can be extracted from the trap by drilling.
The largest natural gas field is South Pars/Asalouyeh gas field, which is shared between Iran and Qatar. The second largest natural gas field is the Urengoy gas field in Russia. The gas field Haynesville Shale Louisiana-Texas has been projected bigger than South Pars, since this a new well it has not been officially recorded its overall power.