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Energean contract Stena IceMAX The drillship, which was used to make the Athena gas discovery last month, has just completed the drilling of the Karish Main-04 appraisal well. Karish is the gas field in the Mediterranean Sea off Israel that Energean plans to develop using the Energean Power FPSO, which earlier this month arrived at its offshore location, raising objections from Lebanon. As for the KM-04 appraisal well results, Energean CEO Mathios Rigas, Chief Executive said:"Operations at the KM-04 appraisal well have been successfully completed ahead of schedule and below budget, meeting the primary objectives set pre-drill. Mediterranean Sea-focused oil and gas company has exercised its options to drill two further wells offshore Israel using Stena Drilling's drillship Stena IceMAX.
The well was completed 15 days ahead of schedule and $9 million below budget at a cost of $36 million. The primary objectives of the well were to further appraise gas volumes in the flanks of the structure; and reduce
uncertainties associated with liquid content in the central fault blocks. According to Energean, gas and associated liquids were encountered in the previously undrilled fault block between Karish Main and Karish North; has was encountered in the A-sands on the flanks of the Karish Main structure, these sands were tested and fluid samples obtained; and an oil rim was confirmed in the central part of the field, with thickness towards the lower end of the pre-drill expectation range (5-10metres vs. 0-100metres pre-drill). "A sample of oil was obtained for testing. Energean expects to be able to commercialise the oil volumes through the existing well stock. Additional analysis will now be undertaken to further refine reserve volumes and the liquids-to-gas ratio across the Karish lease," Energean said.
Craig International wins major, long-term contract with INEOS FPS options) to deliver consolidated procurement services to INEOS FPS. This includes the supply of maintenance, repair and operations equipment for its Grangemouth base which operates the Forties Pipeline System. Craig International will service the contract from its Aberdeen headquarters using its bespoke digital platforms: ebuy and ecobuy. These innovative digital platforms provide cost and efficiency savings through the streamlining of electronic processes and the ability to source globally and supply locally. This is backed-up by an advanced ecobuy platform to help customers reduce their carbon footprint.
Aberdeen headquartered, Craig International has secured a major contract with INEOS FPS, potentially valued at over £20million.
ecobuy offers Craig International customers the opportunity to select more sustainable products, while combining orders to reduce vehicle, and particularly HGV journeys. It has a significant environmental impact with less disposable materials, including plastics, and less fuel, while increasing the number of products that can be reused and recycled.
Following a competitive tender, the global energy procurement specialist has been awarded a five-year contract (with two year
Jill MacDonald, joint managing director of Craig International, said: “We are thrilled to welcome INEOS FPS to our extensive
www.ogv.energy I July 2022
portfolio of companies supporting the North Sea’s offshore energy industry, after a rigorous and competitive tendering process. “Our e-commerce and approach to sustainability were major factors in this contract award. As the industry ramps up efforts to support global net zero targets, there is a growing recognition that procurement plays a crucial part in reducing carbon emissions. Combining ebuy and ecobuy, we are actively addressing this through a suite of sustainable and technology-driven procurement solutions. INEOS FPS has recognised the value of this offering, along with the efficiencies we bring, and we look forward to supporting their operations over the next five years and beyond.” With almost 130 staff, Craig International has a global network of pre-qualified suppliers, and over 80 procurement specialists in eight countries, providing cost-effective and efficient third- party procurement. Craig International provides a truly global service to the energy industry through its bases in the UK, Cape Town, Canada, Qatar, Oman, the UAE, Germany and the USA.
