Energean resumed work on a floating production, storage, and offloading unit (FPSO) associated with the Karish and Tanin fields in Israel. The fields are located between 75 and 120 km offshore the northern coast of Israel in depths of approximately 1750 m.
In an operational update, Energean said work on its Singapore FPSO resumed after the Sembcorp Marine Admiralty Yard reopened in early June. In its preparations for lifting the topside modules of the FPSO, the company applied to the Singapore Economic Development Board to rehire up to 529 workers.
Key tasks to achieve first gas include topsides integration and commissioning activities in Singapore, which may take 10 months, and towing the FPSO to the Karish field in Israel with subsequent mooring, hook-up, and commissioning, which may take 4 months.
The company does not expect the revised timetable to have a material financial impact on the company due to the contracting structures in place with its main contractor and gas buyers.
As work on the FPSO starts, subsea installation for the project continues as planned.
Subsea Work on Schedule
Workers have completed installation of near- and onshore pipeline and have started laying the remaining 80 km pipeline that will deliver gas from the FPSO to Israel. Core installation using the pipelay vessel Solitaire is expected to be completed by end of June 2020. Full pipeline installation and the pre-commissioning program is expected to be completed in Q4, within the project timeline.
Installation of the manifold and subsea isolation valves should also be completed in June 2020. Installation of three sets of risers that will connect the three producing wells to the FPSO should start in Q4 and be completed in Q1 2021.
With the project back on track, Energean said it would keep marketing its gas resources into the Israeli domestic market and regional export markets to secure additional long-term cash flows and fulfil its goal of filling the 8 billion m3/yr capacity of the FPSO.