Offshore staff
ATHENS, Greece — Energean plans to deploy the El Qaher-1 jackup to drill four production wells on the Abu Qir license in the Gulf of Suez offshore Egypt, the company said in its latest results statement.
The rig will start the program after completing work on the NEA/NI development in the same region, with first gas from the Abu Qir wells expected in 2024.
Another well, Orion X1 (Energean, 30%) should spud late this year in the offshore North East Hap'y Block, following a delay due to rig availability issues. The company plans to farm down its interest in the license to 18% ahead of drilling.
Offshore Croatia, Energean is preparing to drill the Izabela-9 well in second or third-quarter 2023. Next year, the company will likely participate in two exploration wells offshore Sicily operated by Eni on the low-risk Gemini and Centauro prospects.
Both are close to the current Cassiopea development; the infrastructure includes tie-in points for future discoveries. Here, offshore installation activities should get underway in the current quarter, followed by the start of drilling activities this summer, including two new wells and two recompletions.
First oil from the Epsilon project offshore western Greece remains on track for 2024, with the platform jacket due to be installed at the field in the next couple of months.
The second export riser and the Karish North flowline were transported from the UK to Israel earlier this month. The riser will be installed shortly and will connect the production facilities on the FPSO to the pipeline to shore.
Installation of the Karish North manifold, umbilical and spool will then follow, ahead of opening of the well before year-end. Construction of the second oil train continues at Drydocks World in Dubai.
Finally, Energean is progressing studies for its Olympus Area development, encompassing various recent gas discoveries close to Karish. One option could be the addition of a third gas processing train.
03.23.2023
