Karish Oil and Gas Field (Israel)

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Karish Oil and Gas Field (כריש) is an operating oil and gas field in Israel.

Along with Karish North Oil and Gas Field (Israel) and Tanin Oil and Gas Field (Israel), Karish is a part of the Karish-Tanin complex.

Project Details

Main Data

Table 1: Field-level project details for Karish Oil and Gas Field

*Final Investment Decision
Unit name Status Operator Owner Discovery year FID* year Production start year
Karish Operating[1] Energean[2] Energean (100.0%)[2] 2013[3] 2017[4] 2022[5]

Production and Reserves

Table 2: Reserves of Karish Oil and Gas Field

million m³ = million cubic meters million bbl = million barrels of oil
Fuel Description Reserve Classification Quantity Units Data Year Source
gas 2P reserves 39926.38 million m³ 2020 [6]
gas 2P reserves 102000 million m³ 2022 [7]
oil 2P reserves 61 million bbl 2020 [6]

Table 3: Production from Karish Oil and Gas Field

million m³/y = million cubic meters per year
Category Fuel Description Quantity Units Data Year Source
production gas 300 million m³/y 2022 [1][8]

Location

Table 4: field-level location details for Karish Oil and Gas Field

Location Coordinates (WGS 84)
Offshore, Israel[9] 33.2283, 34.289 (exact)[9]

The map below shows the exact location of the field(s) within the Karish-Tanin complex:

Loading map...

Background

The Karish gas field was discovered in 2011.[10] The Final Investment Decision for the development project was made in March 2018. According to Energean, "the Karish main field will be the first asset to be developed in the Karish and Tanin blocks by the Group. Karish was selected as the initial development as it is the largest discovery, is expected to provide the highest yield of liquid per volume of produced gas and is the closest discovery to shore."[11]

According to NS Energy, "a group of four banks including Morgan Stanley, Natixis, Bank Hapoalim, and Societe Generale agreed to provide a senior credit facility of approximately £924m ($1.275bn) for the Karish gas field development project in March 2018".[12] The project is expected to begin producing gas in 2021.[11]

Energean "delivered first gas from the Karish field offshore Israel through its Energean Power floating production, storage and offloading (FPSO) unit: in October 2022.[13]

Articles and Resources

Additional data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. 1.0 1.1 https://web.archive.org/web/20240122212852/https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/101023-loss-of-tamar-gas-supplies-from-israel-to-impact-egyptian-lng-exports-iea. Archived from the original on 22 January 2024. {{cite web}}: Missing or empty |title= (help)
  2. 2.0 2.1 Petroleum Repository of the Israeli Ministry of Energy. 2023 https://prime.energy.gov.il/search/petroleumrightholders. Archived from the original on August 21, 2023. Retrieved August 21, 2023. {{cite web}}: Missing or empty |title= (help)
  3. https://web.archive.org/web/20230322020818/https://www.energean.com/operations/israel/tanin/. Archived from the original on 22 March 2023. {{cite web}}: Missing or empty |title= (help)
  4. https://web.archive.org/web/20230426134611/http://www.offshore-technology.com/projects/karish-tanin-field-development-mediterranean-sea/. Archived from the original on 26 April 2023. {{cite web}}: Missing or empty |title= (help)
  5. https://web.archive.org/web/20230331060638/https://www.energy-sea.gov.il/English-Site/Lobby/Articles/Pages/Karish-FPSO-is-Here!-A-BIG-Step-for-the-Israeli-Energy-Sector.aspx. Archived from the original on 31 March 2023. {{cite web}}: Missing or empty |title= (help)
  6. 6.0 6.1 https://web.archive.org/web/20230103173911/https://www.energean.com/operations/israel/karish/. Archived from the original on 03 January 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  7. Israeli Natural Gas Trade Association (2022). "Natural Gas in Israel Special report: The natural gas economy 2023" (PDF). איגוד הגז הטבעי. Archived (PDF) from the original on August 22, 2023. Retrieved August 22, 2023.
  8. https://web.archive.org/web/20240122213347/https://www.bloomberg.com/news/articles/2023-10-10/egypt-weighing-impact-of-israel-gas-field-halt-on-its-exports. Archived from the original on 22 January 2024. {{cite web}}: Missing or empty |title= (help)
  9. 9.0 9.1 (PDF) https://web.archive.org/web/20230407082801/https://www.energy-sea.gov.il/English-Site/Pages/Data%20and%20Maps/Wells-from-Prime_web.pdf. Archived from the original (PDF) on 07 April 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  10. "Tanin". Energean. Retrieved February 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  11. 11.0 11.1 "Karish". Energean. Retrieved February 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  12. "Karish Gas Field Development, Mediterranean Sea, Israel". NS Energy. Retrieved 2021-02-01.{{cite web}}: CS1 maint: url-status (link)
  13. "MEOG: Energean delivers first gas from Karish | Newsbase". newsbase.com. Retrieved 2022-11-04.