Energean has increased its liquid processing capacity on its floating production, storage, and offloading vessel (FPSO) in Israel, despite significant delays caused by regional conflicts.

Expansion of Production Capacity

A second oil processing line has been commissioned on the Energean Power FPSO, boosting total liquid processing capacity from 18,000 to 31,000 barrels per day. The vessel primarily processes gas from deepwater fields, which is supplied to Israel and Egypt. Since the end of 2022, one oil line has also been used to process associated liquids.

Project Timeline and Delays

The operator, registered in London, initially planned to install and launch an additional oil line on the FPSO to process liquids from the Karish and Karish North fields. However, the project faced multiple postponements due to military actions in Gaza, threats from armed groups in Lebanon, and later, the conflict with Iran.

The line was built by Kanfa in Dubai and was originally scheduled to be operational in the second half of 2023. Shipment of the module from Dubai was planned for October 2023 but was delayed due to security concerns in Israel.

In March 2024, it was announced that ongoing security issues would delay the installation of the second line by a year, with commissioning taking place only at the end of 2024. Later, the timeline was pushed to the end of 2025 to avoid shutdowns during peak demand periods. Subsequently, the target was moved to the end of the first quarter of 2026 due to the continuing conflict. In May of this year, following the outbreak of hostilities with Iran, the company reported that the line would soon be brought into operation.

Testing and Future Plans

The second line has been tested at capacities up to 21,000 barrels per day. Additional tests at higher capacities are scheduled for August.