Blocks 12, 21, 22, 23 and 31

  • Blocks 12,21,22,23 and 31

In December 2017 Energean was successfully awarded five offshore exploration licenses within the Israeli Exclusive Economic Zone (EEZ).

 



The licenses awarded comprise blocks 12, 21, 22, 23 and 31, and are located near the currently producing Tamar gas field and the Karish and Tanin gas fields which are currently moving towards development by Energean.

All five licenses are located in the proven “Tamar” sand play fairway amd numerous prospects and leads have been identified. In its CPR (August 2018) NSAI audited 4.54 TCF of gas and 22.3 million barrels of liquids un-risked prospective resources(net to Energean 70%)

All prospects will be further evaluated during the initial 3 year exploration period by new 3D seismic acquisition and reprocessing of existing datasets. Based on the results of these studies future exploration drilling will take place during the second 3 year exploration phase.

Any future hydrocarbon discoveries will be developed via a tie-back to the FPSO that Energean will construct for the development of Karish and Tanin fields.