27th Nov 2018 09:25
LONDON (Alliance News) - Energean Oil & Gas PLC said Tuesday it achieved a "major milestone" in the delivery of its project offshore Israel, after first steel was cut on the Karish and Tanin floating production storage and offloading vessel.
The FTSE 250-listed company said that the FPSO vessel, being build at the COSCO yard in Zhoushan China, will be delivered to the Karish field in late 2020, ahead of first production targeted for the first quarter of 2021.
Energean shares were trading 0.9% higher at 590.00 pence each on Tuesday morning.
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