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    Energean sees output of up to 158,000 boed this year

Summary

Eastern Mediterranean-focused gas producer Energean on Thursday forecast its 2023 output would reach 131,000-158,000 barrels of oil equivalent (boed) per day after the start-up of its flagship Israeli Karish field.

by: Reuters

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Energean sees output of up to 158,000 boed this year

LONDON, March 23 (Reuters) - Eastern Mediterranean-focused gas producer Energean on Thursday forecast its 2023 output would reach 131,000-158,000 barrels of oil equivalent (boed) per day after the start-up of its flagship Israeli Karish field.

Karish, which uses a floating production, storage and offloading (FPSO) vessel, is set to deliver 4.5-5.5 billion cubic metres (bcm) of gas to Israel this year, with Energean ramping up capacity to 8 bcm.

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It expects its production to reach 200,000 boed by the second half of 2024.

Energean's previous production stood at around 41,000 boed. (Reporting by Shadia Nasralla Editing by Mark Potter)