Karish North
Energean announced a new gas discovery in Karish North on April 15, 2019.
As per year end 2024, Karish North contains gross 1,21 tcf gas 2P reserves plus 41.2 mmbls liquids 2P reserves.
This represents a total of 262 mmboe 2P reserves.*
First gas was achieved in February 2024.
History
The Karish North well was spudded on March 15, 2019. The well reached an intermediate TD of 4,880 meters approximately 7 days ahead of schedule. A gross hydrocarbon column of up to 249 meters was encountered and a 27 meter core was recovered to surface.
The Karish North sidetrack was drilled 700m north of the original Karish North penetration with a key objective to confirm the Gas Water Contact (“GWC”). The sidetrack encountered a GWC at 4,791 meters true vertical depth subsea (“TVDSS”), 13 meters below the Gas Down To (“GDT”) that was encountered in the original wellbore. A thin rim of light oil or condensate was identified immediately above the GWC. The total mapped hydrocarbon column is confirmed at 310 meters.
A successful appraisal well was drilled in October 2019, confirming best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light hydrocarbons.
*Competent Persons Report by DeGolyer and MacNaughton YE2024