Energean is an international oil & gas Exploration & Production company currently focusing on the Mediterranean and North African region where it operates oil & gas assets in Greece and Egypt.
Energean is the only operator of Oil and Gas in Greece operating the development areas of Prinos and South Kavala, where it holds a 100% interest. The Company’s oil and gas assets have been in production since 1977 through a system of three offshore oil platforms, one gas platform and a comprehensive onshore plant with 500,000 bbls of crude oil storage capacity, offshore loading facilities, de-sulphurisation and 17 MW power generation facilities.
Through its subsidiary in Egypt (Aegean Energy (Egypt) Limited) Energean Oil & Gas holds two exploration licenses (PSA) and operates two blocks in the Gulf of Suez and in Upper Egypt.
In July 2013 and through the open door procedure, the company in cooperation with Petra Petroleum and with Schlumberger acting as a strategic technical partner has been announced as the preferred bidder for the Ioannina onshore block in Western Greece, a 4,187 km2 Fold Thrust Belt area, Energean Oil and gas is also in final negotiations with the Greek Government for the award of the Katakolon block in Western Greece.
Energean Oil & Gas is experienced in petroleum products and gas transportation through the group’s affiliate Prime Marine, operator of 21 product tankers and 7 gas tankers.
Energean Group through its subsidiary OceanEnergean is associated with Ocean Rig, one of the few companies worldwide with 100% Ultra deep-water capable fleet and the 6th largest Ultra deepwater company globally with a fleet of 11 drillships/rigs.
The company has a 6 year off take agreement with BP, while Third Point LLC is Energean’s strategic financial partner and largest shareholder, controlling 44.5% of the issued share capital of Energean Group. Third Point is a US fund with more than $12 billion under management.
Energean Oil & Gas, together with the Israeli group Ratio Petroleum, has expressed its interest for hydrocarbons E&P in areas of Thermaikos and Orfanos Gulf in Northern Greece, while the Greek government has decided to proceed with an international tender about this two areas, already explored in the ‘60s by Texaxo and Oceanic.
The group’s Experienced Board & Management team has a proven track record in the energy and shipping industry. Energean Oil & Gas employs more than 320 dedicated oil & gas professionals with significant in house expertise in Exploration,Drilling and Production stages and Reservoir Management as well as in Onshore & Offshore operations in high H2S environment.
Energean Oil & Gas has an excellent HSE track record in offshore operations in environmentally sensitive areas.