Energean plc (LSE: ENOG, TASE: אנאג,( the gas producer focused on the Mediterranean, is pleased to announce that the first topsides module lift on to the Energean Power FPSO hull has been safely and successfully completed at Sembcorp Marine’s Admiralty Yard, Singapore.

The electrical house (E-house), which contains all the FPSO control equipment and electrical switchgear, was lifted onto the Energean Power hull on the 24th August. The E-house, weighing in at 850 tonnes, was lifted using the L-801 Barge pontoon crane, with lift preparation commencing early morning and successful touchdown on the hull in the early afternoon.

Sembcorp Marine has been subcontracted by EPC contractor TechnipFMC, while lifting operation has been executed by Jurong Marine Services PTE.

The "Energean Power" FPSO will be used to develop all of the Company’s Israeli fields. It will be installed 90 km offshore and be the first FPSO ever to operate in the Eastern Mediterranean.

The FPSO will have a gas treatment capacity of 800 MMscf/day and liquids storage capacity of 800,000 bbls.
Installation of the Energean Power FPSO mooring lines is now in progress and the project remains on track to deliver first gas in 2H 2021.

About Energean

Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations offshore Israel, Greece and the Adriatic. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas in 2021. Energean operates producing assets in Greece, has nine exploration licences offshore Israel, and a 25-year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.

About Sembcorp Marine

Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries, drawing upon more than 50 years of track record. Our customers include major energy companies, drilling contractors, shipping companies as well as owners and operators of floating production units. We focus on four key capabilities, namely: Rigs & Floaters; Repairs & Upgrades; Offshore Platforms; and Specialised Shipbuilding.