Drillship Scheduled for Offshore Israel Drilling in Karish North Development

Drilling Activity Details



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Drilling Activity Summary


Energean has contracted a drillship for its 2022-2023 offshore Israel drilling program, which is expected to de-risk prospective recoverable resources of more than 1 Bboe. Three wells are planned during 2022 with three wells with two optional wells. One of the wells will be an appraisal well, #04 Karish Main, in the Karish North development. The appraisal well will also target further prospective volumes within the Karish Main Block, including the potential oil rim that was identified as part of the #03-KM development drilling. The scope includes re-entry, sidetracking and completing the previously drilled Karish North well. The Karish North development will commercialize 1.2 Tcf of gas plus 31 MMbbl of liquids and is expected to deliver the first gas in 2023. The Athena exploration well, located in Block 12, is between the Karish and Tanin leases. Athena is estimated to contain unrisked recoverable prospective resource volumes of 700 Bcf of gas plus 4 MMbbl of liquids. The primary target is estimated to contain unrisked recoverable prospective resource volumes of 400 Bcf of gas plus 2 MMbbl of liquids Success at Athena would be expected to significantly de-risk approximately 2.5 Tcf plus 19 MMbbl of remaining unrisked recoverable prospective resource volumes located within Block 12 and Tanin. London-based Energean is the operator of the Karish Block and Field with 100% interest.