Energean has been cleared to resume production from the Energean Power FPSO serving the Karish field offshore Israel, after receiving notice from Israel’s Ministry of Energy and Infrastructure.

The approval came after precautionary shutdowns affected regional energy assets during the recent conflict involving the United States, Israel and Iran. According to the source, the Strait of Hormuz was closed and several energy facilities were hit by missile strikes. Rystad Energy estimated that repair costs and losses tied to damaged and shut-in Gulf infrastructure could reach $25 billion.

Among the assets shut as a precaution were Israel’s Leviathan and Karish gas fields. The source also said Chevron, operator of Leviathan with a 29.66% interest, had already received clearance from Israel’s Petroleum Commissioner to restart that platform.

Following the latest notice, Energean said it was working to restart output safely and return to normal operations under its established procedures.

Production from Karish started in October 2022. The Energean Power FPSO had arrived in Israel in early June 2022 after transiting the Suez Canal.