Floating gas production rig/ Photo courtesy Energean
Energean, the British energy company which operates Israeli natural gas fields in the Mediterranean Sea, has received formal recognition from the Israeli government of its new “Katlan” offshore natural gas field located in Israeli waters in the Mediterranean Sea. Israel’s Minister of Energy and Infrastructure, MK Israel Katz, made it official when on Wednesday he granted Energean official recognition of the natural gas discovery under license 12.
The Katlan field is located between Energean’s Karish and Tanin fields and is now the first new natural gas field recognized by the Israeli government since 2015.
The announcement and official recognition of a discovery permits Energean to submit an application for a deed of possession; to submit a development plan, and with Israeli Government approval, begin development as a producing gas field.
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This is just the latest success for Energean with its Israeli licenses. Last May, Energean, which specializes in the Eastern Mediterranean, revealed the discovery of 8 billion cubic meters (bcm) of natural gas between its Karish and Tanin fields in its Athena exploration well off the coast of Israel.
Mathios Rigas, Chief Executive Officer of Energean, commented, “The gas discovery from our latest exploration campaign, has received official discovery classification from the Israeli MoE. This achievement is a source of great pride for Energean, as we are the only company to have carried out such a campaign in Israel in recent years.
Minister Katz said, “The ‘Katlan’ reservoirs discovered in license 12 join the existing natural gas reserves in our country, which have already changed the face of the local energy economy and turned the State of Israel into a world energy power. There is potential for additional discoveries in the waters of the Mediterranean Sea , the office under my leadership will continue to develop the natural gas reserves that are in our territory and to promote the exploration & discovery of additional natural gas reserves for the sake of the energy security of the State of Israel and for ensuring a reliable, clean and affordable Israeli energy economy.”
