ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the December 2018 issue


Elbit wins Energean deal to protect Karish-Tanin gas fields

The security solution will enable detection and identification of both surface and underwater threats.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a $15 million contract from Energean Israel Ltd. a subsidiary of Energean Oil and Gas plc (LSE: ENOG; TASE: ENOG), to supply a comprehensive solution for the Floating Production Storage and Offloading (FPSO) platform of the offshore Karish-Tanin gas fields. The contract will be performed over a two-year period, with warranty and logistic support continuing for an additional 10 years.

The security solution will enable detection and identification of both surface and underwater threats.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a $15 million contract from Energean Israel Ltd. a subsidiary of Energean Oil and Gas plc (LSE: ENOG; TASE: ENOG), to supply a comprehensive solution for the Floating Production Storage and Offloading (FPSO) platform of the offshore Karish-Tanin gas fields. The contract will be performed over a two-year period, with warranty and logistic support continuing for an additional 10 years.



Reprinted from the Israel High-Tech & Investment Report December 2018

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