Energean Power FPSO confirmd first gas delivery from Karish

• First gas has been achieved on the Karish project
• Gas is being produced from the Karish Main-02 well and the flow of gas is being steadily ramped up 
• Preparation for transmission through the gas sales pipeline is progressing and gas sales to Energean’s customers are expected to commence in the next couple of days 
• Karish Main-01 and Karish Main-03 wells are expected to be opened up in approximately two and four weeks, respectively 

The Energean Power FPSO and the sales gas pipeline have an ultimate capacity of 8 bcm/yr. The initial capacity is up to 6.5 bcm/yr, and commercial gas sales are expected to reach this level approximately four to six months following first gas.

Energean’s growth projects – the Karish North development, the second oil train and the second export riser – are on track for completion in late 2023, following which Energean will be able to produce to the full 8 bcm/yr capacity of its infrastructure.