At a Glance
Established in 2007, Energean is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations in eight countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.
Energean’s historic production came from the Prinos field, offshore Greece and was supplemented through the acquisition of Edison E&P, which closed in late 2020, adding production from Egypt and southern Europe. In 2022, the forward production profile has taken a further step change following first gas from the Company’s flagship Karish project, which will use the Energean Power FPSO, the first of its kind in the Eastern Mediterranean, to produce an initial 6.5bcm/yr, rising to 8 bcm/yr from end-2023. Energean’s mid-term production target is 200 kboed, focused on gas.
With a strong track record of growing reserves and resources, both organically and through acquisition, Energean is focused on maximising production from its large-scale gas-focused portfolio to deliver material free cash flow and sustainably maximise total shareholder returns. ESG and health and safety are at the heart of Energean’s operations, which focus on safety and reliability., Energean is committed to reducing emissions in line with the Paris Agreement and was the first E&P in the world to announce a net zero 2050 target.
