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.

Energean on track for first Israeli gas, FPSO sailaway 'in coming weeks' - PLATTS

19 Mar 2020 | 10:54 UTC London

Author: Stuart Elliott
Editor: Alisdair Bowles 

London — UK-based Energean Oil & Gas said Thursday it is on track for first gas from its Israeli offshore fields in the first half of 2021, announcing that the hull of the firm's dedicated production vessel would sail away from its Chinese shipyard "in the coming weeks."

There had been concern that work on the 8 Bcm/year capacity FPSO Energean Power could be delayed due to travel restrictions imposed in China after the start of the coronavirus outbreak.

"In the coming weeks, you will see our FPSO hull sail away from China to Singapore, a key milestone in the delivery of first gas from Karish, which is on track for H1 2021," CEO Mathios Rigas said following the release of the company's 2019 earnings.

Energean said final work on the vessel would take place in Singapore and the vessel sailed to Israel around year-end for installation.

Egypt agrees with five energy firms on exploration in Mediterranean - minister - ET ENERGY WORLD / REUTERS

February 16, 2020, 08:08 IST

CAIRO: Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region.

The five companies are Royal Dutch Shell, Chevron , BP, Total and Exxon Mobil, said Tarek El Molla told Sky News Arabia TV on Saturday.

He said the exploration and production agreements spanned seven concessions and had been signed with major companies because of the scale of investment needed. Exploratory drilling in the area would start in early 2021, he said.

The discovery of the giant Mediterranean field of Zohr off the eastern coasts of Egypt by Italy's Eni in 2015 sparked renewed interest and investment in Egypt's energy industry.