Israel’s Karish Boosted As Energean Takes $1.2bn FID On 1.2tcf ‘Katlan’ Fields

26 Jul 2024 Issue: 67 / 30 By: Peter Stevenson

With output from its 2.6tcf Karish fields set for rapid decline, operator Energean plans successive tie-ins of nearby finds. First gas from 2022’s 1.2tcf ‘Katlan’ discoveries is slated for 1H 2027.

Greek firm Energean on 23 July took a final investment decision (FID) on developing four gas fields discovered in 2022 on Israel’s Block 12 for tie back to its 8bcm/y-capacity Karish project. First gas from the two larger fields, Athena and Zeus, is slated for 1H 2027.

Energean puts initial Katlan development costs at $1.2bn and has awarded the key subsea EPCI contract to TechnipFMC, with the French firm costing the deal at $500-$1bn. “The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures,” TechnipFMC says. Tieback of the four currently-planned wells (two each for Athena and Zeus) will be via a 30km trunk pipeline to the Energean Power FPSO. “Future Katlan area phases” will also make use of this pipeline, Energean says. (CONTINUED - 895 WORDS)