Drilling

Halliburton Wins Energean Drilling Services Contract for Offshore Israel

E&P independent Energean has awarded Halliburton a contract to provide services for drilling up to five wells offshore Israel in collaboration with Stena Drilling.

The Stena IceMax drillship will execute Energean’s 2022–2023 drilling program offshore Israel in collaboration with Halliburton Consulting and Project Management.
The Stena IceMax drillship will execute Energean’s 2022–2023 drilling program offshore Israel in collaboration with Halliburton Consulting and Project Management.
Stena Drilling

Halliburton will provide services to drill and complete up to five wells offshore Israel in the Karish North gas fields under an integrated services contract awarded this week by Energean, a UK-based independent focused on exploration and production in the Mediterranean and the North Sea.

Halliburton Consulting and Project Management will collaborate with Energean in drilling three firm and two optional exploration, appraisal, and development wells, Halliburton announced this week.

In late June, Energean’s wholly owned subsidiary Energean Israel Ltd. hired Aberdeen-based Stena Drilling Ltd. as contractor for its 2022-2023 program.

Stena will employ its Stena IceMax drillship, an ice-class dual-activity dynamically positioned vessel, capable of drilling in water depths of up to 3000 km (10,000 ft). Plans are to spud the first firm well in Q1 2022, Energean said in a news release.

Energean’s contract with Halliburton includes a bundle of services covering project management, directional drilling, drill bits, drilling fluids, cementing, solids control, wireline, slickline, completions, production enhancement, and subsea services, according to Halliburton.

“This campaign will deliver a fully integrated solution using our Halliburton 4.0 digital platform and drilling technologies to optimize well delivery,” said Ahmed Kenawi, Halliburton’s senior vice president of Europe, Eurasia, and Sub-Saharan Africa region.

In a June announcement, Energean offered this detail on the three firm wells it intends to drill next year:

  • The scope of work for the Karish North development well includes re-entry, sidetracking, and completion of the previously drilled Karish North well, and completion as a producer. The Karish North development will commercialize 33 Bcm (1.2 Tcf) of gas plus 31 million bbl of liquids 2P reserves (a total of 243 million BOE) and is expected to deliver first gas in 2H 2023.
  • The Karish Main-04 appraisal well, is expected to target further prospective volumes within the Karish Main Block, including the potential oil rim that was identified as part of the KM-03 development well drilling. The well targets a total of 166 million BOE unrisked estimated recoverable volumes.
  • The Athena exploration well, located in Block 12, is situated directly between the Karish and Tanin leases. Athena is estimated to contain unrisked recoverable prospective resource volumes of 20 Bcm (0.7 Tcf) of gas plus 4 million bbl of liquids, of which the primary target is estimated to contain unrisked recoverable prospective resource volumes of 10 Bcm (0.4 Tcf) of gas plus 2 million bbl of liquids with a 70% geological chance of success. Success at Athena would be expected to significantly de-risk approximately 90 Bcm (2.5 Tcf) plus 19 million bbl of remaining unrisked recoverable prospective volumes located within Block 12 and Tanin.

"Our five-well growth program offshore Israel, commencing Q1 2022, has the potential to double Energean plc's reserve base with resource volumes that can be quickly, economically, and safely monetized,” Energean CEO Mathios Rigas said. “Combined with first gas from our flagship Karish gas development project in mid-2022, the next 12-months are set to be truly transformational for Energean."

Energean’s Karish North discovery in 2019 estimated from 1 to1.5 Tcf of gas in place and moved Israel another step closer to realizing its ambition of becoming a regional natural gas supply hub.

Meanwhile, Israel’s Delek Drilling announced in early September that it had finalized its deal to sell its nonoperating 22% stake in the Tamar gas field to Abu Dhabi's Mubadala Petroleum for $1.1 billion.

In April, Delek and Mubadala signed an MOU agreeing to the transaction which was hailed as the largest commercial agreement since Israel and the UAE signed the Abraham Accords Peace Agreement in August 2020.