"Energean" News

Energean: Montenegro blocks hold 438 MMboe

Oct 19, 2017

Mediterranean explorer Energean Oil & Gas praised the “untapped potential” of its two blocks offshore Montenegro, which may hold 1.8 TCF of gas and 144 MMboe of liquids (438 MMboe in total), according to a new report by Netherland Sewell & Associates (NSAI)…

Energean, ONGC bid for Israel offshore blocks

Nov 17, 2017

Companies from India and Greece including ONGC and Energean are among those who have made bids for blocks in Israel's first offshore lidding round.  The round closed yesterday. Israel's Ministry of Energy said it had received bids from…

Energean approved to develop Katakolo off Greece

Sep 08, 2017

Energean Oil & Gas has received the green light from Greek authorities for the Kataloko field development plans (FDP) offshore Western Greece. Map of Katakolo, from Energean. Katakolo…

Old is new again

Oct 30, 2017

With decommissioning an inevitability, what to do with platforms once production ceases is a hot topic. Karen Boman surveys new ideas for life after production. Once upon a time, it seemed that the only thing to do with aging offshore infrastructure was to rip it out…

Karish, Tanin Israeli FPSO plan approved

Aug 30, 2017

The field development plan for the Karish and Tanin fields offshore Israel has been approved by the Israeli Petroleum Commissioner. Energean Israel, a 50/50 joint venture between Energean Oil & Gas and Kerogen Capital, plan to drill three wells…

Energean submits Karish and Tanin FDP

Jun 20, 2017

Energean Oil & Gas has submitted the field development plan (FDP) for the Karish and Tanin natural gas fields offshore Israel, with a target of reaching a final investment decision by the end of the year, and first gas by 2020. Map of Karish and Tanin…

Total JV, Energean get Greek go ahead

Jun 23, 2017

Greek Authorities have cleared a Total-led joint venture, and Energean Oil & Gas to explore two separate areas offshore Crete. The Greek Minister of Environment and Energy George Stathakis, approved the applications of the consortium led by Total…

Energean to gain Israel funding, partner

Feb 15, 2017

Energean Oil & Gas stands to gain a US$50 million investment from Kerogen Capital for its Karish and Tanin gas fields, offshore Israel. The move could see the independent private equity fund manager take a 50% stake in Energean’s Israeli subsidiary…

Energean to explore off Montenegro

Mar 15, 2017

Energean Oil & Gas has signed US$19 million exploration and production contract with State of Montenegro for two blocks off the Montenegrin coast. Rigas, Sekulic signing the exploration contract…

Energean completes Tanin, Karish deal with Delek

Dec 28, 2016

Energean has closed its deal with Delek Group, Avner Oil Exploration, and Delek Drilling for 100% stake in the I/16 Tanin and I/17 Karish leases, offshore Israel, paving the way for Energean to stick to its plan of first oil at the two fields in 2020…

TechnipFMC on Israeli FPSO FEED

Feb 02, 2017

Energean Oil & Gas has appointed TechnipFMC as the concept and front-end engineering design (FEED) contractor for the Karish and Tanin development program, offshore Israel. The move follows Energean’s decision to develop the fields using a floating production…

Energean selects FPSO for Israeli gas fields

Jan 11, 2017

Energean Oil & Gas is planning to develop the Israeli Tanin and Karish gas and condensate fields using a floating production solution, the firm announced in a press conference today.  Energean says it will submit a formal field development plan (FDP) for both fields…

First gas from Tanin, Karish 2020 - Energean

Dec 07, 2016

Greece-based explorer Energean Oil & Gas said it is planning to achieve first gas from the Tanin and Karish fields offshore Israel by 2020. The firm, in which the Petroleum Council of Israel has approved its US$148 million acquisition of 100% of the two fields…

Energean moves to develop Katakolon, off Greece

Nov 30, 2016

Energean Oil & Gas's exploration license over the West Katakolon field has been converted to a 25-year exploitation license with immediate effect. The West Katakolon Exploitation area is part of the Katakolon Concession Area and covers 60sq km area with about 10 MMbbl recoverable oil…

Energean acquires Israeli gas assets

Aug 17, 2016

Cypriot firm Ocean Energean Oil and Gas is to buy 100% interest in the Tanin and Karish fields in the Mediterranean Sea, offshore Israel, for US$148.5 million.  Delek Group, Avner Oil Exploration and Delek Drilling have agreed to sell their 26…

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