First steel was cut on the FPSE in Cosco Yard, in Zhousan, China on November 26, 2018. "Energean Power" FPSO hull sailed away from the Cosco Yard in China on April 3rd, 2020. The hull arrived in Singapore on April 15th, 2020.
Following a shut down due to the COVID-19 pandemic, works at the Admiralty Yard resumed in June 2020, with first topsides lift completed in August 2020. Based on current restrictions in Singapore, the Energean Power FPSO is now expected to sail away from Singapore to Israel in 1Q 2022 with first gas in mid-2022.
CAPEX for the Karish development is estimated at US$1.7 billion.