Energean retains Stena rig for Hermes well offshore Israel

June 20, 2022
Energean has exercised options with Stena Drilling for two further exploration wells offshore Israel.

Offshore staff

LONDON  Energean has exercised options with Stena Drilling for two further exploration wells offshore Israel.

The first well, due to spud in August, will target the Tamar A sands in the Hermes prospect in Block 31. As for the second well, the target will largely depend on results from Hermes.

Drilling of the KM-04 appraisal well on the Karish gas-condensate field has finished 15 days ahead of schedule and $9 million below budget at a cost of $36 million.

The well encountered gas and associated liquids in the previously undrilled fault block between Karish Main and Karish North; gas in the A-sands on the flanks of the Karish Main structure; and confirmed an oil rim in the central part of the field, with thickness in the range 5 m to 10 m.

Energean will perform additional analysis to firm up reserve volumes and the liquids-to-gas ratio across the Karish lease.

The Stena IceMAX drillship will complete the next Karish development well before moving to Hermes in August.

06.20.2022

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As of May this year, the Mubadala-operated Pegaga Field has achieved gas production of 500 MMscf/d and 16,000 bbl/d of condensate. Mubadala took the project from discovery to development and into production with the support of Petronas, its partners and contractors following a successful exploration drilling campaign in 2013-14 and final investment decision in 2018.