ATHENS, Greece – Energean expects its Karish field development to deliver first gas in mid-2022, the company confirmed in its latest results statement.
The FPSO Energean Power should depart for Israel in 1Q 2022, a 35-day voyage, with subsequent hookup and pre-first gas commissioning expected to take around three months.
Energean is working with its contractors on measures to speed up the delivery schedule. Following agreement on a $12-million incentivization payment by Energean to fabricator Sembcorp Marine last month, workforce numbers on the FPSO have increased by around 70%, to more than 1,700.
Two recently approved, related projects are a $70-million second oil train to allow increased production of around 5 MMbbl of hydrocarbon liquids per year, and a $40-million second gas sales riser, boosting gas production to the vessel’s full 8 bcm/yr capacity.
Both projects are on target to come onstream in summer 2023.
Offshore Egypt, the company is progressing its shallow-water NEA/NI satellite tieback project is progressing with first gas from one well anticipated in 2H 2022 and from the remaining three wells early in 2023.
TechnipFMC has the EPCI contract for the four subsea wells and the associated tieback to the Abu Qir platform and associated infrastructure.
Nearby, Energean is maturing various near-field and infrastructure-led opportunities, including the NI-B field, as for future drilling.
Elsewhere in the Mediterranean Sea, results from the Irena appraisal well offshore Croatia are under assessment.
In March, the European Commission approved Greek state support to provide funding for the Prinos area offshore western Greece, with Greek parliamentary ratification following in May. Investment in the Epsilon project should start shortly.
In parallel, Energean has been evaluating a project to reinject produced CO2 from Prinos back into the reservoir to reduce Scope 1 emissions from the field. The project has been approved for financial support from the European Commission’s European Structural and Investment Funds.
A pre-FEED study for a carbon capture and storage project at Prinos should start later this year.