Energean Oil & Gas has appointed TechnipFMC as the Concept and Front End Engineering Design (FEED) contractor for the Karish and Tanin development programme. This follows Energean’s recent decision to develop the Fields using a Floating Production, Storage and Offloading (FPSO) unit to facilitate the quickest route to market in line with the Government of Israel’s gas strategy.
TechnipFMC has relevant experience in deep water development programmes analogous to Karish and Tanin, and has delivered some of the largest FPSO units in the world including the Akpo, Nkossa, Girassol and Dalia fields.
Karish and Tanin, located offshore Israel, were discovered in 2013 and 2011 respectively and contain 2C gas resources of 2.4TCF and Energean acquired 100% of both fields recently. Energean is intending to fast-track the development of the Karish Field to support the Israeli Government in bringing cheaper gas to the market by 2020. The development of the Tanin Field will follow thereafter. The development programme is expected to involve an investment of circa USD 1.3-1.5B over the next few years, and the Field Development Plan will be submitted to the Israeli Government in mid-2017.