Energean signs LOA to advance Katlan development offshore Israel
Energean PLC signed a letter of award with TechnipFMC for an integrated front-end engineering and design (FEED) study for delivery of a full-field subsea architecture design for Katlan gas field in License 12, offshore Israel.
The award follows a five-well East Mediterranean exploration campaign across a multi-block area that discovered about 68 billion cu m of natural gas, the company said.
In May, the Minister of Energy and Infrastructure granted official recognition of the Olympus area natural gas discovery, permitting Energean to apply for a deed of possession, to submit a development plan, and with Israeli Government approval, begin development as a producing gas field. At that time, Energean renamed the area Katlan.
In an April 2023 fact sheet, the company said a development concept was being finalized. Options under consideration include additional sales to Israel and exports to Egypt and/or to Cyprus.
The final contract is expected to be completed in September and the FEED study is expected to be completed by December 2023, supporting the broader Katlan development program, the company said.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).