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 has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
Energean has signed a pair of key gas sales contracts for its Karish development in the eastern Mediterranean.
The purchase of Edison E&P will provide Energean with insulation from oil price volatility, although the company has trimmed its capital expenditure plans in 2020.