Energean Oil & Gas has appointed TechnipFMC as the concept and FEED contractor for the Karish and Tanin development program offshore Israel, the company said in a news release Feb. 2.
The move followed Energean’s recent decision to develop the fields using an FPSO unit. Energean believes this will facilitate the quickest route to market.
The fields are said to contain 68 Bcm (2.4 Tcf) of gas. Energean said it plans to fast the Karish Field development, followed by development of the Tanin Field.
The company intends to submit the field development plan to the Israeli government in mid-2017. Development costs are expected to run between an estimated $1.3 billion and $1.5 billion over the next few years, Energean said.
Recommended Reading
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
2024-04-04 - Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
Enterprise Gains Deepwater Port License for SPOT Offshore Texas
2024-04-09 - Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.