Energean pleased with measurement work at Karish

Mediterranean-focussed oil and gas producer Energean announced successful results from production measurement work on Thursday.

The FTSE 250 company said the work was performed during the clean-up of the Karish Main-02 development well, on the crest of the Karish Main structure.

KM-02 produced from a 35 metre interval of the C-sand reservoir.

“The well flowed at a maximum rate of 120 million standard cubic feet per day of natural gas, limited only by the capacity of the surface equipment,” Energean said in its statement.

“Performance modelling confirms that the well is capable of delivering at the 300 million standard cubic feet per day design capacity, when connected to the floating production storage and offloading (FPSO).”

At 1034 GMT, shares in Energean were up 0.52% at 771p.