Kerogen Capital is getting a 50% stake in the Greek player’s Energean Israel offshoot for its initial $50 million investment. That money is going towards progressing development plans for the Karish and Tanin fields.
Energean, which bought the fields from Israeli player Delek Drilling late last year for around $148 million, already has contractor TechnipFMC working on front-end engineering and design and a field development plan.
