{"id":175254,"date":"2024-07-27T15:48:00","date_gmt":"2024-07-27T19:48:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=175254"},"modified":"2024-07-27T15:49:18","modified_gmt":"2024-07-27T19:49:18","slug":"energean-invest-katlan-support-development","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/energean-invest-katlan-support-development\/","title":{"rendered":"Energean to invest in the Katlan project and support its development"},"content":{"rendered":"\n

Energean issued a statement informing that it has made the Final Investment Decision (FID) to move forward with the Katlan development<\/strong> project in Israel<\/strong>, which will exploit the Katlan area’s reserves through a phase that includes a subsea mooring system connected to the FPSO<\/a><\/strong> Energean Power.<\/p>\n\n

By leveraging this infrastructure, the company will extend the FPSO’s production plateau and also guarantee royalty-free production from the seller and no export restrictions, supporting the agreements of gas sales agreements<\/a><\/strong> agreements in both the local and international markets.<\/p>\n\n

First gas is expected to be available in the first half of 2027.<\/p>\n\n

New development in Katlan <\/h2>\n\n

The company has also received official confirmation from Israel’s Ministry of Energy and Infrastructure, which has granted a 30-year lease for the Katlan area<\/strong>, with a 20-year extension option.\nIn addition, the ministry has ratified the Hermes discovery in the newly named Drakon area (Block 31),<\/a><\/strong> discovery made during last year’s drilling campaign. <\/p>\n\n

This new development aligns with the company’s strategy of maximizing the value of its assets and its focus on energy security<\/a><\/strong> and sustainable development in the region.<\/p>\n\n

For his part, the company’s CEO, Mathios Rigas, expressed his satisfaction with this breakthrough, noting that the decision to proceed with the project is a reflection of the company’s continued commitment to the rapid development and production of its gas assets.<\/p>\n\n

\n

This project will not only unlock significant value in the Israeli subsoil, but will also contribute to energy security and sustainable development in Israel and the wider region.<\/p>\nRigas stated.<\/cite><\/blockquote>\n\n

Relevant data and planned future<\/h2>\n\n

Notably, Energean is the exclusive owner and operator of the Katlan Lease (I\/21) and the fields are located in water depths of up to 1,800 meters<\/strong>.\nThe development plan for Phase 1 was approved by the Israeli government in December last year, including a promising future for additional phases that will benefit from the infrastructure and improvements made in Phase 1. <\/p>\n\n

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Source and photo: Energean<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Israel’s Ministry of Energy and Infrastructure has granted a 30-year lease for the Katlan area, with a 20-year extension option.<\/p>\n","protected":false},"author":9014,"featured_media":173862,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-175254","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/175254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/9014"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=175254"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/175254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/173862"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=175254"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=175254"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=175254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}