Energean takes a new approach at Karish
The East Mediterranean producer goes for a novel and nimble concept at Karish
London and Tel-Aviv-listed independent Energean took FID at its Karish-Tanin field offshore Israel in March, less than 20 months after project acquisition. It credits an innovative procurement process for the shortened timeframe. Energean dispensed with concept selection and pre-feasibility studies. Instead it selected a floating production, storage and offloading (FPSO) solution, both for maximising recovery by reducing pressure on the wells through proximate infrastructure and in siting most of the technology 100km away from Israel's infrastructure-averse shore dwellers. Based on Energean's size at that time, it wanted a strong technical partner but, rather than a lengthy tendering process
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