Energean Oil & Gas announces that Energean Israel has signed a contract with Stena Drilling for the development drilling of the Karish Field, offshore Israel.
Pursuant to the contract, Stena Drilling will deploy the Stena Forth drillship (or such substitute as may be agreed by the parties) to drill three development wells in Q1 2019 (with provision made for further options), subject to Energean’s Final Investment Decision (FID) regarding the Karish and Tanin fields.
Stena Forth drillship to commence a three well program in Q1 2019
The Stena Forth, one of the DrillMAX Fleet vessels, is a DP Class 3 ultra-deep water drillship with a track record in world-wide operations, ranging from the Mediterranean (Libya), Egypt (Gulf of Suez), Malaysia, Greenland and the US (Gulf of Mexico).
The Stena Forth will be mobilized from Las Palmas, Spain, where she is currently located. The Karish development program includes the drilling of three development wells and production from a new Floating Production, Storage and Offloading (FPSO) vessel, approximately 90km offshore. First gas is expected in 2021.
