Energean buys field support vessel for Karish project in Israel

Energean said on Friday that the vessel was bought by its subsidiary Energean Israel Limited (Energean 70 per cent) following a competitive tender process.

Energean Israel has entered into an agreement to purchase the FSV from Prime Marine Energy, a related party, for $33.25 million.

According to Energean, the FSV is being constructed to meet Energean Israel’s specifications and will provide significant in-country capability to support the Karish project.

This includes FPSO re-supply, crew changes, holdback operations for tanker offloading, emergency subsea intervention, drilling support and emergency response.

Energean explained that the purchase of this multi-purpose vessel will enhance operational efficiencies and economics when compared to the leasing of multiple different vessels for the various activities.

When it comes to Energean’s Karish field development located on the border to Lebanon, the hull of the FPSO bound for the Mediterranean Sea project, named Energean Power, is in Singapore where it is being fitted with topside modules.

Energean said on Friday that the vessel was bought by its subsidiary Energean Israel Limited (Energean 70 per cent) following a competitive tender process.

Energean Israel has entered into an agreement to purchase the FSV from Prime Marine Energy, a related party, for $33.25 million.

According to Energean, the FSV is being constructed to meet Energean Israel’s specifications and will provide significant in-country capability to support the Karish project.

This includes FPSO re-supply, crew changes, holdback operations for tanker offloading, emergency subsea intervention, drilling support and emergency response.

Energean explained that the purchase of this multi-purpose vessel will enhance operational efficiencies and economics when compared to the leasing of multiple different vessels for the various activities.

When it comes to Energean’s Karish field development, the hull of the FPSO bound for the Mediterranean Sea project, named Energean Power, is in Singapore where it is being fitted with topside modules.