Energean Oil & Gas SA subsidiary Energean Israel expects the start of gas production from the Karish main development in 2020 after an estimated capital expenditure of $1.3-1.5 billion (OGJ Online, Jan. 13, 2017).
The operator’s field development plan calls for three Karish wells drilled from a new floating, production, storage, and offloading (FPSO) unit that will be installed 90 km offshore. The FPSO will have a 400-MMcfd capacity.
The company also said the Karish development will include a dry gas pipeline connecting the field to a gas transmission system onshore Israel.
Tanin field will follow Karish development, and Energean expects to drill six wells from the FPSO.
The fields’ lease term runs until 2044 with a possible extension to 2054. Karish and Tanin development is expected to deliver 88 billion cu m of gas to the Israeli market, while more than 40 million bbl of light hydrocarbon liquids may be exported to regional and international markets.
Energean Israel has 100% of Karish and Tanin, which hold a combined 2.7 tcf of gas.
Contact Tayvis Dunnahoe at [email protected].