The NEA/NI project will involve subsea wells tied back to existing infrastructure, with first gas expected in the second half of 2022. TechnipFMC has been selected to provide EPIC works.
The NEA concession holds two discovered and appraised gas fields, while NI holds four discovered gas fields, one of which is ready for development, the company said in a press release.
In total, the NEA/NI development holds 49 million boe of 2P reserves, 87% of which is gas. Energean foresees peak production of around 2.55 mcm (90 mcf) per day plus 1,000 boepd of condensates.
“The NEA/NI drilling campaign is expected to be integrated with a broader Abu Qir drilling campaign, providing synergies on capital expenditure,” the company said.
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 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 has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
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 Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.