- Energean is a private E&P company focused on the Mediterranean and Africa, with a successful track record of over 30 years as an offshore operator and outstanding potential for future growth.
A full cycle E&P company with assets in Greece, Egypt and Israel and material 2P reserves of 30 mmboe (98% oil) and 1P of 16 mmboe (99% oil), which have supported an almost fivefold increase of current 1,740 bblpd production.
- Strong 2C resources of 28 mmboe provide basis for future organic growth.
- High-netback reserves, with established infrastructure and in close proximity to premium markets, which currently deliver annual EBITDA of US$25mn.
- Attractive fiscal teams and cash flow visibility supported by a 6 year off-take agreement with BP.
Committed Shareholders including Third Point, Private Greek Shipowners and management.
Corporate Profile Video