REG - Energean PLC - Karish Update - FPSO Arrival In Israel

EnergeanAnnouncement

06/06/2022 07:00

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RNS Number : 6885N  Energean PLC  06 June 2022

 

 

 

 Energean plc

("Energean" or the "Company")

 

Karish Update - FPSO Arrival In Israel

London, 6 June 2022 - Energean plc (LSE: ENOG, TASE: אנאג) is pleased to
announce that the Energean Power FPSO has arrived on location in Israel.

The FPSO was transported by two tugs from Sembcorp Marine's Admiralty Yard in
Singapore to Israel. The 5,532 nautical mile-long journey took 35 days,
crossing six seas and passing through the Suez Canal.

Energean will immediately commence hook-up and commissioning operations, which
includes risers and jumpers installation as well as the commissioning of the
sales gas pipeline. Energean expects approximately three - four months of
commissioning before first gas, which remains on track for Q3 this year.

Mathios Rigas, Chief Executive Officer of Energean, commented:

"I am delighted to confirm that the Energean Power FPSO has arrived on
location in Israel. This marks a major step forward in delivering first gas
from Karish which remains on track for Q3 2022. We look forward to continuing
our progress through Karish first gas, the commercialisation of the newly
defined Olympus Area and contributing to energy security and competition of
supply for the region."

 

Enquiries

 

For capital markets: ir@energean.com (mailto:ir@energean.com)

 

Maria Martin, Head of Corporate
Finance
               Tel: +44 7917 573 354

 

For media: pblewer@energean.com (mailto:pblewer@energean.com)

 

Paddy Blewer, Head of Corporate
Communications
Tel: +44 7765 250 857

 

Forward looking statements

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be identified by the use of terms such as "projects", "forecasts", "on track",
"anticipates", "expects", "believes", "intends", "may", "will", or "should"
or, in each case, their negative or other variations or comparable
terminology. Forward-looking statements are subject to a number of known and
unknown risks and uncertainties that may cause actual results and events to
differ materially from those expressed in or implied by such forward-looking
statements, including, but not limited to: general economic and business
conditions; demand for the Company's products and services; competitive
factors in the industries in which the Company operates; exchange rate
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risks; terrorism, acts of war and pandemics; changes in law and legal
interpretations; and the impact of technological change. Forward-looking
statements speak only as of the date of such statements and, except as
required by applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. The information contained in this
announcement is subject to change without notice.

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