London-listed Greek firm Energean says that it “expects to” farm down its stake in Egypt’s Northeast Hap’y deepwater Mediterranean block from 30% to 12% prior to the drilling of a well targeting the Orion prospect in 1H 2023.

The firms are targeting 190bcm (6.7tcf) of 2P gas initially in place, Energean says, adding that the Orion prospect also encompasses 300mn barrels of oil on the same ‘P50’ basis. (CONTINUED - 194 WORDS)