Energean maps out East Med plans
The independent is developing fields off the coasts of Israel and Egypt
UK-listed Energean is in the process of expanding its production in the Eastern Mediterranean. Petroleum Economist spoke to commercial director Nick Witney about the company’s plans and doing business in the region. Energean has a 200,000bl oe/d “medium-term target”. When do you expect to reach that threshold and where is production currently? Witney: In 2022, production averaged 41,000bl/d oe. Now that Karish Main has achieved first gas and has progressed through the majority of its commissioning, our 2023 guidance is 131,000–158,000bl/d oe, while 200,000bl/d oe is expected to be reached in 2024. Karish came onstream in late October, and all three wells opened before year-end, producing 5,3
Also in this section
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
