Greek firm Energean last year paid Noble and its Israeli partner Delek $148mn for the Karish and Tanin fields where Energean pegs contingent resources at 2.4 tcf-plus (MEES, 6 January). The price would be cheap but for the fact that there appeared no clear route to commercialization. Energean now says it plans to develop the field via the East Med’s first floating production, storage and offloading vessel (FPSO).

It plans to file a development plan by May which will see 3-4 wells...