Energean has pushed back the expected start of operations at its Karish project, offshore Israel, owing to delays in Singapore, while also approving more Karish North work.
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.