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FINWIRES

Energean Plans to Test FPSO Vessel at Higher Liquids Production Rates

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Energean (ENOG.L) unveiled on Wednesday a plan to test its floating, production, storage and offloading vessel Energean Power at higher liquids production rates.

The natural gas-focused exploration and production company expects to start testing in August, after certain subsea activities associated with the Katlan project offshore Israel. Currently, the vessel is testing at rates of up to 21,000 barrels per day.

The test will follow the commissioning on July 13 of the second oil train on the FPSO, increasing Energean Power's daily total liquids processing capacity to 31,000 barrels from 18,000 barrels.

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