Elbit to supply technological suite for Karish-Tanin FPSO platform

8 January 2019 (Last Updated July 29th, 2020 13:06)

Elbit Systems has secured a contract from Energean Oil and Gas’ subsidiary Energean Israel to supply a technological suite for the floating production storage and offloading (FPSO) platform of the Karish-Tanin gas fields located offshore Israel.

Elbit Systems has secured a contract from Energean Oil and Gas’ subsidiary Energean Israel to supply a technological suite for the floating production storage and offloading (FPSO) platform of the Karish-Tanin gas fields located offshore Israel.

Set to be performed over two years, the $15m contract has a warranty and logistic support continuing for an additional ten years.

Under the terms of the contract, Elbit subsidiary Elbit Security Systems will provide a range of sensors, which include electro-optic systems, radars, sonars, and a command and control centre.

The company will also equip rapid interception boats with a dedicated suite of sensors.

“Having been selected by Energean to provide the security suite for their Karish-Tanin gas fields’ FPSO platform is a testament to our competitive advantage in this area.”

Using the security solution, both surface and underwater threats can be detected and identified, and assist security teams will be alerted to respond properly.

Elbit Systems ISTAR division general manager Elad Aharonson said: “Providing security to assets located in countries’ exclusive economic zones demands sophisticated technological and operational capabilities.

“Having been selected by Energean to provide the security suite for their Karish-Tanin gas fields’ FPSO platform is a testament to our competitive advantage in this area.”

Energean Israel operates and also owns 100% of the Karish and Tanin leases in the Levant Basin of the Mediterranean Sea.

The fields have 2.2tcf of natural gas and 31.8 million barrels of light hydrocarbon liquids independently audited 2P reserves plus 5.4bcm of gas and 1mmbl of liquids 2C resources.

Energean acquired the fields from Delek Drilling and Avner in August 2016. Four months later, the Israeli Government granted approval to the company to transfer the two leases to Energean Israel.