Thursday, January 30, 2020
Andreas Exarheas
Energean Oil & Gas revealed Wednesday that it expects to spud the Zeus exploration well in March.
Energean Oil & Gas revealed Wednesday that it expects to spud the Zeus exploration well offshore Israel in March.
The asset is targeting 0.6 trillion cubic feet (Tcf) of gas initially in place (GIIP) according to Energean, which added that it is preparing to drill two additional exploration wells during 2020, “which will be contingent on the results from Zeus”.
Prospects being evaluated for drilling include Athena, which is said to hold 0.6 Tcf GIIP, Hera, which is said to hold 0.4 Tcf GIIP, and Poseidon, which is said to hold 1 Tcf GIIP.
Nov 13th, 2019
ATHENS, Greece – Energean plans a 5.4-km (3.36-mi) subsea tieback of its recent Karish North discovery offshore Israel to the FPSO Energean Power.
This follows completion of side track appraisal operations at the well, which have confirmed a best estimate recoverable resource of 0.9 tcf of gas and 34 MMbbl of light oil/condensate (combined around 190 MMboe).
The Energean Power is being constructed with a gas production capacity of 8 bcm/yr (775 MMcf/d).
The drillship Stena DrillMAX has now relocated to complete the three Karish Main development wells, after which the vessel will drill the Zeus exploration prospect, targeting 0.6 tcf across three reservoir intervals.
