Energean contracted Stena Drilling for drilling at the Karish field – Greece, 30 January 2018

Israeli subsidiary of the Greek Energean Oil & Gas has signed a contract with Stena Drilling for the development drilling of its offshore Karish gas field.
Swedish Stena Drilling, one of the world’s leading independent drilling contractors, will deploy the Stena Forth drillship to drill three development wells in the first quarter 2019, with provision for further options, subject to Energean’s final investment decision regarding the Karish and Tanin fields. The Karish development program includes the drilling of three development wells and production from a new floating production, storage and offloading (FPSO) vessel, approximately 90 kilometers off the shore of Israel. First gas is expected in 2021. Total investment in these two gas fields will reach up to 1.5 billion dollars.

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