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.

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.
Source: Reuters (Reporting by Shadia Nasralla Editing by Mark Potter)