Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

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Showing posts with label Karish North. Show all posts
Showing posts with label Karish North. Show all posts

Monday, 15 April 2019

Energean success at Karish North

Monday, April 15, 2019  , , , ,  No comments

Energean has made a significant gas find at its high profile Karish North well. The well reached a depth of 4,880m and encountered a fantastic hydrocarbon column of c.250m Management guidance of the estimated Gas-in-Place is 1-1.5tcf of which ~875bcf could be recoverable resource (i.e. close to 60% recovery factor). Further evaluation will now be undertaken to determine the liquids content on the discovery.  The A, B and C sands have been...

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Saturday, 30 March 2019

Energean targets Karish North

Saturday, March 30, 2019  , , , ,  No comments

Energean is in the middle of drilling the Karish North prospect with results expected at the end of April 2019. The prospect is located c.5.4km from the Karish FPSO and is targeting 1.4tcfe. Assuming success and a discovery, Energean believes it would convert into 0.4bcm/y. The FPSO is designed to handle 8bcm/y and Energean has so far secured 4.2bcm/y of offtake. It is expecting to finalise another 1.1bcm/y shortly, bringing contracted volumes...

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