Israel I/17 Block Karish Field
According to a CPR produced by DeGolyer and MacNaughton in November 2020, the Karish Field contains 1,409 bcf gas 2P reserves plus 61 mmbls liquids 2P reserves. This represents a total of 317 mmboe 2P reserves.
Energean made Final Investment Decision for the development project in March 2018. The Karish main field will be the first asset to be developed in the Karish and Tanin blocks by the Group. Karish was selected as the initial development as it is the largest discovery, is expected to provide the highest yield of liquid per volume of produced gas and is the closest discovery to shore.
Karish is a conventional gas development located in ultra-deepwater in Israel and is operated by Energean Israel. Discovered in 2013, Karish lies in block I/17 Karish, with water depth of around 5,707 feet.
The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2018. The development cost is expected to be $1,600 m. The Karish conventional gas development will involve the drilling of approximately three wells and includes FPSO, subsea manifold, and subsea trees.