Israeli Minister of Energy visits drillship at Karish North

Energean had the honour and the pleasure to host the Israeli Minister of Energy Dr. Yuval Steinitz at the Stena DrillMAX which is currently drilling the Karish North well.

Israeli Minister of Energy Dr. Yuval Steinitz, along with the Director General of the Ministry Mr. Udi Adiri, were updated on the drilling operations by the CEO of Energean Group Mr. Mathios Rigas, Energean Country Manager Mr. Shaul Zemach and Energean's Team that runs the projects in Israel.

Minister Steinitz stated: "We are now witnessing competition and hope that other companies will follow Energean’s steps. The development of the Karish and Tanin fields will enable the State of Israel to reduce the use of coal and enjoy clean air".

Karish North is directly targeting 1.3 Tcf of gas and 16 million barrels of liquids (gross) with a volume-weighted geological chance of success of 69%.