Energean gets Israeli nod
Israel An final investment decision on the development, which has a total price tag of about USD 1.3 billion-1.5 billion, is expected by the end of the year, the press release said. First gas from the fields is anticipated in 2020.
“The Israeli government’s approval of the field development plan is a major milestone and
achievement for us, and we are grateful for their swift handling of our submission,” said CEO Mathios Rigas. “We have already signed agreements or MOUs for volumes exceeding 3 bcm [106 bcf] per year.”
Energean holds 100% of both fields, which combined hold some 531 million boe of 2C resources including 76.5 bcm (2.7 tcf) of natural gas and 41 million boe of light hydrocarbon liquids.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More