(Alliance News) - Energean PLC on Friday said its subsidiary Energean Israel Ltd has entered into an agreement to purchase a field support vessel from Prime Marine Energy Inc for USD3.5 million.
The FTSE 250-listed gas producer stated the vessel is being constructed to meet Energean Israel's specifications and will provide significant in-country capability to support the Karish project, including FPSO re-supply, crew changes, holdback operations for tanker offloading, emergency subsea intervention, drilling support and emergency response.
Energean added that the purchase of the vessel will enhance operational efficiencies and economics when compared to the leasing of multiple different vessels for the various activities.
Energean shares were down 1.4% at 570.00 pence early Friday in London.
By Ife Taiwo; firstname.lastname@example.org
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