Energean earnings double in 2021 on higher prices, output
The company says the Karish field is on track to start up in the third quarter of this year.
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The company says the Karish field is on track to start up in the third quarter of this year.
On December 21, hundreds of police stormed an occupied oil refinery in Kavala, Greece, arresting workers protesting layoffs and safety violations.
Energean has provided an update on recent operations and the Group's trading performance in the 9-months to 30 September 2021. The flagship project Karish remains on track to deliver first gas in mid-2022.
London, 28 June 2021. Energean plc (LSE: ENOG, TASE: א,) is pleased to announce that its 100% subsidiary, Energean Israel Limited, has signed a contract with Stena Drilling Limited ("Stena") for its 2022 - 2023 growth drilling programme offshore Israel, which is expected to target the derisking of unrisked prospective recoverable resources of over 1 billion barrels of oil equivalent ("boe"). The contract is for the drilling of three firm wells and two optional wells, with the first firm well expected to spud in 1Q 2022. The firm wells are all expected to be drilled during 2022...
Elections on June 12 in Algeria are unlikely to give the reassurance needed to oil companies, which have signed a slew of MoUs.