Energean to drill production wells in the Karish Field

“Stena Forth” drillship to commence a three well programme in Q1 2019.

Energean Oil & Gas announced that Energean Israel has signed a contract with Stena Drilling for the development drilling of the Karish Field on the border to Lebanon, offshore Israel.
Pursuant to the contract, Stena Drilling will deploy the Stena Forth drillship to drill three production wells in Q1 2019, subject to Energean’s Final Investment Decision (FID) regarding the Karish and Tanin fields.

The Stena Forth will be mobilised from Las Palmas, Spain, where she is currently located. The Karish development programme includes the drilling of the three wells and buildung a new Floating Production, Storage and Offloading (FPSO) vessel. First gas is expected in 2021.

Energean considers this to be a significant step in the development of Karish and
part of a development plan which targets supplying gas to the growing Israeli gas
market.

Source: Company Press Release