Israel-focused Greek firm Energean has added 0.9tcf to its Israel recoverable reserves following this year's successful appraisal drilling at the Karish North field. This adds to its 2.4tcf 2P/2C reserves at the main Karish and Tanin fields taking its total off Israel to 3.3tcf. Energean announced the initial discovery at Karish North in April at the start of a four-well commitment with Sweden’s Stena DrillMAX (Israel-focused Greek firm Energean has added 0.9tcf to its Israel recoverable reserves following this year's successful appraisal drilling at the Karish North field. This adds to its 2.4tcf 2P/2C reserves at the main Karish and Tanin fields taking its total off Israel to 3.3tcf. Energean announced the initial discovery at Karish North in April at the start of a four-well commitment with Sweden’s Stena DrillMAX (MEES, 19 April). The DrillMAX is currently on site at Karish where it is drilling three development wells for the main field.
“The Karish North Discovery will be developed via a tie-back to the Energean Power FPSO, which [will be] located 5.4km away and is being built with 8bcm/y of [gas processing] capacity,” the firm said on 4 November. First gas from Karish is expected in 1Q 2021. Energean has been expanding in the East Mediterranean in recent years following its 2016, $148mn purchase of Karish and Tanin and is now looking to close an $850mn deal before the end of the year to take the E&P assets of Italian firm Edison, itself a subsidiary of France’s EdF (MEES, 5 July). (CONTINUED - 370 WORDS)