Ahead of spudding the well, Energean expects to farm down 12% of its interest concession.
The company anticipates first gas by mid-year from its offshore NEA/NI development in the Gulf of Suez. The NEA#6 well, which will provide the initial production, was recently completed, with the three remaining three wells coming onstream later in the year.
Offshore Sicily, the Eni-operated Cassiopea gas project, in which Energean is also a partner, is on track for startup during first-half 2024
At the Karish gas field in the deepwater Israeli sector, all three Karish Main wells are now online with the reservoir performing in line with expectations.
There have been issues with the Energean Power FPSO’s topside processing facilities, but Energean has implemented solutions and anticipates no further impact to production levels once the full commissioning program has finished.
Construction continues of the second gas export riser and second oil train, both needed to debottleneck and raise the FPSO capacity to 8 Bcm/year, deliverable by the end of this year.
The riser should be installed in the next few months and the second oil train lifted onboard and installed on the FPSO in the second half of the year.
The Karish North development well will hooked-up to the Karish Main manifold using a spare slot this spring and should flow first gas later in 2023.
Energean is finalizing a development concept and commercial solution for other recent offshore gas discoveries in the Olympus area, which would involve further debottlenecking of infrastructure above the FPSO’s 8 Bcm/year nameplate capacity.
The finds made last year included the Zeus and Athena wells in Block 12 (about 160 MMboe). These in turn de-risked a further 269 MMboe of prospective resources across the Olympus Area in nearby analogous prospects.
Following studies on the Hermes discovery in Block 31, Energean now assesses resources at about 45 MMboe, with the well results providing additional information on the nearby Orpheus and Poseidon prospects which could be drilled in future. It has named this the `Arcadia Atea’.