Energean awards Energean Power 2nd Oil Train Module EPC contract to KANFA

Energean PLC announced that it has signed an EPC contract with global process engineering
business KANFA AS, a fully owned subsidiary of Technip Energies., for the supply of a second, 700 ton oil train for the Energean Power FPSO. The addition of a new oil/condensate separation module will increase the FPSO’s liquid production capacity from 18 kbopd to 32 kbopd.

This brownfield project will enable Energean to meet increased gas production volumes from 2023
onwards whilst allowing for optimal well and reservoir management of the Karish and Karish North fields in disputed area with Lebanon, both of which have shown high Liquid Gas Ratios (LGR). Furthermore, increasing the FPSO HC liquid
treatment capacity by 75% will enable a more balanced distribution of offtake per well over the life of the
fields, enhancing the ultimate recovery factor.

3D view of the New M10 Module
3D view of the new M10 Module

KANFA AS will provide project management, engineering, procurement, fabrication, and pre-commissioning work for the fully assembled new module in a specialized FPSO module & conversion yard.
Following completion, the topside module will be transported to the Karish field in Israel for integration
onto the vessel, requiring a ship-to-ship

Key design considerations for the successful execution of project include the offshore heavy lift and the
subsequent complex integration onboard a live facility.
The new three-deck structure weighting approximately 700 tons will be installed aft portside on M10
pancake available deck space. Further topside growth was anticipated and factored into the basis of the
design of the Energean Power FPSO in 2017 and is now leveraged. The new module comprises a 2nd oil
separation train and a flash gas compressor package designed to operate in conjunction with existing FPSO
processing systems. The 2nd oil train and flash gas compressor are identical to the original train in order to
leverage O&M synergies and benefit from standardization.
“The Energean Power FPSO has been designed and built to minimize carbon emissions intensity, in line
with Energean’s commitment to achieve net zero emissions ahead of 2050. The enhanced liquids
production enabled by the installation of the second oil train will be achieved at no material incremental
carbon emissions intensity to the overall project. Carbon intensity of Energean’s projects in Israel is
expected to be 4.3 kgCO2 per boe, while sector average stands at 18 kgCO2 per boe currently.

Engineering work started at KANFA’s Oslo offices supported by Energean’s Project Execution
& Delivery team which was assembled a year ago. KANFA AS was previously an EPC subcontractor to
TechnipFMC between 2018-2020, specifically involved on the topside process modules of the Energean
Power M1/2/3 (Inlet/Gas Trains/Oil Train) which it delivered on time during Q1 2020 in Singapore.
KANFA’s previous experience on the FPSO alongside its deep knowledge of the vessel’s design mean it is
uniquely placed to deliver the successful completion of this brownfield project.

Lift operation scheduled to take place in Q3 2023.