Energean on course to deliver first gas from Karish field in 2021 - OILFIELD TECHNOLOGY

Friday, 20 March 2020 16:00

Nicholas Woodroof

Energean Oil and Gas plc has announced its audited full-year results for the year ended 31 December 2019 (FY19).

Highlights

• Karish was 72% physically complete at 31 December 2019 and remains on track to deliver first gas in 1H21. Firm gas sales of 5 billion m3/yr with a further 0.6 billion m3/yr to be converted to a firm basis immediately on publication of a satisfactory Karish North CPR, expected at the end of March 2020.
• Post-period end, two of the three Karish development wells successfully flowed during clean-up operations, confirming that each will be capable of delivering up to the design limit of 300 mmscf/d (c.3 billion m3/yr). The third development well is currently in the clean-up phase and production performance is expected to be similar, confirming that the three wells will be able to produce to the 8 billion m3/yr capacity of the FPSO.

Eni purchases 70% stake in Habi offshore gas concession - OILFIELD TECHNOLOGY

Friday, 25 October 2019 12:00

As reported by Reuters, Eni has bought 70% of Edison’s stake in Block 12 of the offshore Habi gas concession in Egypt’s eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said yesterday.

Edison won Block 12 in a bidding round run by EGAS in 2015.

IHS Markit: Total’s offshore Cyprus Block 11 could tival Egypt’s Zohr natural gas discovery - OILFIELD TECHNOLOGY

Wednesday, 11 January 2017 14:30

David Bizley, Editor

Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region.

Driven by the success of Eni’s major Zohr Field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. Total’s announcement that it will drill a 2017 exploration well in its deepwater Block 11 located offshore Cyprus indicates the growing interest in the wider region.

“The Zohr gas discovery in Egypt was a play opener for the region—it has caused companies to rethink the region’s gas potential and take a closer look at the geology,” said Graham Bliss Ph.D., senior director of plays and basins research at IHS Markit, and lead author of a series of analyses examining upstream energy competition in the Eastern Mediterranean. “Zohr’s success clearly encouraged Total leadership to re-examine Block 11’s potential, since it is contiguous with the Egyptian Shorouk Offshore Block, which is home to Eni’s Zohr Field.”

Israeli Natural Gas Industry – Where do we go now? - OILFIELD TECHNOLOGY

Partners Shiri Shaham and Simon Weintraub at Israeli law firm Yigal Arnon & Co. explore the natural gas industry in Israel.

After years of deliberations, negotiations and amendments, the Israeli government recently adopted its final framework for the regulation of the burgeoning natural gas sector. This exciting development is a reflection of the country’s vibrant democracy, strong rule of law, and climate of regulatory certainty; it will hopefully foster geopolitical stability in the eastern Mediterranean basin, and will potentially promote economic co-development projects and unprecedented investment opportunities in the region.