First Gas from Karish-Tanin Development On Track

Energean Oil and Gas Plc is on track to deliver first gas from its 2.4 trillion cubic feet Karish and Tanin development offshore Israel in the first quarter of 2021, the company revealed on the 15^th November.

The next “visible milestone” on the development will be first steel cut on the FPSO hull on the 26^th November, according to Energean.

“Our developments are on schedule and we have an active programme of drilling in both Israel and Greece in the months ahead, targeting significant increases in prospective resources and production,” Mathios Rigas, CEO of Energean, said.

Energean announced back in March that its board of directors had approved the final investment decision to proceed with the US$1.6 billion Karish and Tanin development project.

In May, Energean announced that it had received class approval from DNV-GL for the basic design of the new-build FPSO vessel that will be deployed at the Karish-Tanin development.

Energean’s vision is to become the leading independent East Mediterranean focused exploration and production company, according to its website.

The company holds 13 exploration and production licences across four countries and employs 385 people, Energean’s website reveals.

Source: Rigzone