Katlan
Katlan is a newly discovered collection of structures, offshore Israel. As per year end 2024, the field contains 1,11 tcf gas 2P reserves plus 5.4 mmbls liquids 2P reserves. This represents a total of 209 mmboe 2P reserves.*
In 2022, multi well successful drilling campaign demonstrated the existence of what was originally called the “Olympus Area”, a collection of structures located adjacent to other discovered fields – in between Energean’s Karish & Tanin fields. These discoveries were formally approved by the Israeli Government as the “Katlan” (Orca) reservoirs in May 2023.
A field development plan was approved by the Israeli Government in 2023. Phase 1a will focus on the Athena and Zeus structures. Phase 1b will target Hera and Apollo. Production will be tied back to the Energean Power FPSO, with initial gas production to be delivered to contracted Israeli clients.
Final Investment Decision was taken in 2024.
*Competent Persons Report by DeGolyer and MacNaughton YE2024