Energean retains Stena rig for Hermes well offshore Israel

Offshore staff

LONDON — Energean has exercised options with Stena Drilling for two further exploration wells offshore Israel.

The first well, due to spud in August, will target the Tamar A sands in the Hermes prospect in Block 31. As for the second well, the target will largely depend on results from Hermes.

Drilling of the KM-04 appraisal well on the Karish gas-condensate field has finished 15 days ahead of schedule and $9 million below budget at a cost of $36 million.

The well encountered gas and associated liquids in the previously undrilled fault block between Karish Main and Karish North; gas in the A-sands on the flanks of the Karish Main structure; and confirmed an oil rim in the central part of the field, with thickness in the range 5 m to 10 m.

Energean will perform additional analysis to firm up reserve volumes and the liquids-to-gas ratio across the Karish lease.

The Stena IceMAX drillship will complete the next Karish development well before moving to Hermes in August.

06.20.2022