Energean maps out East Med plans
The independent is developing fields off the coasts of Israel and Egypt
UK-listed Energean is in the process of expanding its production in the Eastern Mediterranean. Petroleum Economist spoke to commercial director Nick Witney about the company’s plans and doing business in the region. Energean has a 200,000bl oe/d “medium-term target”. When do you expect to reach that threshold and where is production currently? Witney: In 2022, production averaged 41,000bl/d oe. Now that Karish Main has achieved first gas and has progressed through the majority of its commissioning, our 2023 guidance is 131,000–158,000bl/d oe, while 200,000bl/d oe is expected to be reached in 2024. Karish came onstream in late October, and all three wells opened before year-end, producing 5,3

Also in this section
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs