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
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand