Greece’s Energean sees first gas from Israel’s Kar

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Greece’s Energean sees first gas from Israel’s Karish by Q3 - Today News Post News Post || Euro News:

Energean’s floating production storage and offloading (FPSO) for the Greek company’s flagship Karish project offshore Israel is expected to be ready for sail-away by the end of this quarter, Energean CEO Mathios Rigas said on January 182021-04-23T09:38:00Z.

He noted that this will kick-start an eventful 2022 with the high-impact drilling programme in Israel beginning in mid-March, first gas from Karish by the third quarter and first gas from North El Amriya and North Idku in Egypt by the fourth quarter. “With our other development projects in Israel, Italy and Greece also on track we are well positioned to reach our medium-term targets of over 200 kboed production, $2 billion annual revenue and $1to 86 per million..4 billion EBITDAX,” Rigas was quoted as saying in a press release.

Looking back at 2021, he said it was an outstanding year for Energean, one in which the Greek company delivered excellent operational and record financial resultslocated at European nuclear research organization CERN. They sa. “Production came in above initial expectations, and we recognised all-time-high gas prices in Italy. As a resultcounterattack, we’ve generated full year revenues of over $495 million and EBITDAX in excess of $200 million,” Rigas said.

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