Energean awards drilling contract to Stena for Karish field, offshore Israel

30 January 2018 (Last Updated July 29th, 2020 13:08)

An Energean Oil & Gas subsidiary has awarded a contract to Stena Drilling for the development drilling of the Karish field, offshore Israel.

An Energean Oil & Gas subsidiary has awarded a contract to Stena Drilling for the development drilling of the Karish field, offshore Israel.

Under the contract, Stena Drilling will deploy the Stena Forth drillship to drill three development wells in the first quarter of next year.

The contract is conditional upon Energean’s final investment decision (FID) regarding the Karish and Tanin gasfields.

In a statement, Energean Israel said: “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.”

“Energean considers this to be a significant step in the development of Karish and part of a development plan.”

The Stena Forth is a DP Class 3 ultra-deepwater drillship and will be mobilised from Las Palmas, Gran Canaria.

Under the development programme of the Karish field, Energean will engage in the drilling of three development wells and production from a new floating production, storage and offloading (FPSO) vessel around 90km offshore.

First production from the field is slated for 2021.

Last month, Energean Israel signed agreements for natural gas supply from the Karish and Tanin fields, with a consortium of Israel Chemicals, Bazan Oil Refineries, and OPC.

The supply agreements combined with previously reached deals bring the annual total committed purchase volume of natural gas to more than four billion cubic metres per annum from the Karish and Tanin fields.