Energean Hires TechnipFMC for Karish, Tanin Feed

Independent Greek producer Energean Oil & Gas has appointed TechnipFMC as the concept and front-end engineering design (Feed) contractor for its Karish and Tanin development  offshore Israel, it said February 2.  

This follows Energean’s recent decision to develop the fields using a floating production, storage and offloading (FPSO) unit. According to Energean,  this development scheme will facilitate the quickest route to market in line with Israel’s gas strategy.

Discovered in 2011-2013 the fields together contain 2.4 trillion ft³ (68bn m³)  of 2C gas reserves. The investment into development programme is estimated in around $1.3-1.5bn  over the next few years.

Energean, which acquired both fields recently, is intending to fast-track Karish, aiming to bring gas to the market by 2020. The development of Tanin will follow. The development scheme will be submitted to the government in mid-2017.

Energean's operations

(Credit: Energean)

“We are delighted to have TechnipFMC, one of the leading contractors in the world, working with us on the development of the Karish and Tanin fields. It is a project that will open up the Israeli oil and gas market and both parties intend to play an important part in facilitating a more competitive energy supply for the benefit of Israeli domestic consumers and the economy,” said Energean CEO Mathios Rigas.

Kama Mustafayeva