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- Energean : Rig Contract Signed with
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- Energean plc : Rig Contract Signed with
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London, 28 June 2021. Energean plc (LSE: ENOG, TASE: א,) is pleased to announce that its 100% subsidiary, Energean Israel Limited, has signed a contract with Stena Drilling Limited ( Stena ) for its 2022 - 2023 growth drilling programme offshore Israel, which is expected to target the derisking of unrisked prospective recoverable resources of over 1 billion barrels of oil equivalent ( boe ).
The contract is for the drilling of three firm wells and two optional wells, with the first firm well expected to spud in 1Q 2022. The firm wells are all expected to be drilled during 2022, and consist of:
· The Karish North development well, a key part of the Karish North development. The scope includes re-entry, sidetracking and completion of the previously drilled Karish North well and completion as a producer. The Karish North development will commercialise 33 Bcm (1.2 Tcf) of gas plus 31 mmbbls of liquids 2P reserves (a total of 243 mmboe) and is expected to d