Greek firm Energean on 15 April announced the discovery of 1-1.5tcf (28-42bcm) gas in place at the Karish North field, the first discovery offshore Israel since the Karish main field was discovered in 2013. The well, spudded by the Stena DrillMAX on 15 March, was drilled to a total depth of 4,880ms in 1,790ms water depth.

Energy Minister Yuval Steinitz, in seeming post-election hyperbole, hailed the discovery stating that he is “sure that further discoveries will follow – and turn the State of Israel into a regional gas hub.” (CONTINUED - 670 WORDS)