Energean & Oil Gas this week announced that it has contracted with TechnipFMC for the design of installations to develop the Israeli off-shore natural gas deposits "Karish" and "Tanin".
According to a relevant press release, Energean pointed to TechnipFMC's experience and production of floating production storage offloading (FPSO) rigs.
"The presence of TechnipFMC guarantees the excellent design and timely implementation of a development plan for the two deposits," Energean president and CEO Mathios Rigas said.
The two deposits have been leased to Energean Israel, a subsidiary of the Greece-based company, and are calculated to hold 2.4 trillion cubic feet of natural gas.
According to reports, Energean Oil & Gas is scheduled to present the Israeli government with a long-term development plan for the two deposits this year, with the timetable eyeing production in three years.
