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Israel struck gas once again !

1-1.5 TCF of natural gas has been discovered in a gas field called KARISH NORTH. The discovery was made by Energean Oil and Gas who entered exploration in Israel’s waters in 2017 after the first bid round.

This is the first exploration drilling in Israel since 2013. The drilling of the well commenced on March 15th, 2019 and reached the depth of 4.8KM. The gas discovered will be treated by an FPSO that will be located 5km from the Karish North well.

In response to Energean’s Significant New Gas Discovery at Karish North, Israeli Minister of Energy, Dr. Yuval Steinitz, congratulated Energean for the discovery, stating that “I congratulate Energean for the significant amount of natural gas discovered in Karish North. This is a first sign, and I am sure that further discoveries will follow – and turn the State of Israel into a regional gas hub”.