TechnipFMC has secured a fully integrated engineering, procurement, construction and installation (iEPCI) letter of award (LoA) from Energean Israel to develop the Karish North field located offshore Israel.
Under the contract, TechnipFMC will be responsible for designing, manufacturing, delivering and installing subsea equipment, including the subsea production system, rigid flowlines and umbilicals.
TechnipFMC Subsea president Jonathan Landes said: “We are delighted to partner again with Energean. This LoA demonstrates the value of our in-depth field knowledge and previous experience with Energean through the Karish main development, awarded to TechnipFMC in 2018.
“Early client engagement, leveraging our iFEED capability, as well as our ability to offer a full suite of services and global experience, form part of our unique fully integrated EPCI (iEPCI) offering. We look forward to further expanding our partnership with Energean through the development of Karish North.”
The Karish North discovery is planned to be tied back to the Energean Power floating production storage and offloading (FPSO) and the second gas export riser.
The Energean Power FPSO is set to begin production from the $1.7bn Karish and Tanin development project (Karish Main project) in the fourth quarter of this year.
Energean made the final investment decision (FID) last month to develop the Karish North gas field, with an initial investment of around $150m.
After the first gas achieved from Karish North, the overall Karish project well stock can produce more than the full 8Bcm/yr capacity of the Energean Power FPSO, said the company.