Energean Oil & Gas PLC said on Monday it has started its 2019 drilling programme in Israel.
The FTSE 250-listed oil & gas company’s programme consists of drilling three development wells at the offshore Karish North prospect.
Energean intends to batch drill the top-hole sections of the wells, to allow for operational efficiency and cost savings.
Energean has another six drilling options available in its contract with drilling services firm Stena Drilling Ltd, following the four-well campaign.
Shares in Energean were up 5.3% at 711.00 pence on Monday.