Following the uniquely successful 5 well East Mediterranean exploration campaign, which discovered approx. 68 bcm of natural gas across the multi block (Katlan & Tanin) “Olympus Area”, offshore Israel, Energean is delighted to announce a new partnership with TechnipFMC that will take a new step towards the production of this regionally significant resource.

Energean and TechnipFMC have agreed to a Letter of Award that will expedite TechnipFMC’s provision of an integrated Front-End Engineering and Design (FEED) study as a vital starting point for delivery of a fullfield subsea architecture design that will contribute to the project FID support package.

The final contract is expected to be completed in September and the FEED study is expected to be completed by December 2023, supporting the broader Katlan field development programme.

About Energean

Energean (LSE: ENOG, TASE: אנאג) is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations in eight countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.

About TechnipFMC

TechnipFMC (NYSE: FTI) is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.