TechnipFMC has secured a contract from Energean Oil & Gas to provide the concept and front end engineering design (FEED) for the Karish and Tanin development programme.
The contract award follows Energean’s recent decision to develop the fields using an FPSO unit to facilitate the quickest route to market in line with the government of Israel’s gas strategy.
The program is expected to involve an investment of around $1.3bn to $1.5bn over the next few years, and the field development plan will be submitted to the Israeli government in mid-2017.
“We are delighted to have TechnipFMC, one of the leading contractors in the world, working with us on the development of the Karish and Tanin fields. It is a project that will open up the Israeli oil and gas market and both parties intend to play an important part in facilitating a more competitive energy supply for the benefit of Israeli domestic consumers and the economy,” said Mathios Rigas, chairman and chief executive of Energean Oil & Gas.
“It is a project that will open up the Israeli oil and gas market and both parties intend to play an important part in facilitating a more competitive energy supply for the benefit of Israeli domestic consumers and the economy,” Rigas added.
