Energean Files Karish Development Plan; Bidding Delayed, Again

Greek firm Energean on 20 June submitted its field development plan for Israel’s 1.8 tcf Karish offshore gas field. The plan envisages the drilling of three wells and the mooring 90km offshore of a 400mn cfd-capacity floating production storage and offloading (FPSO) vessel. Energean says it expects development to cost $1.3-1.5bn, with first gas delivered to Israel’s natural gas transmission system in 2020.

Tie-in development of the nearby 1.2 tcf Tanin field “will follow the development of Karish” although no specific timeframe is given by the Greek firm. Here six wells will be drilled and connected to the same FPSO, Energean says. (CONTINUED - 487 WORDS)