Energean currently holds 13 licences across the Eastern Mediterranean with a balanced mix of producing, development and exploration assets delivering near and long term value creation.
The Company’s flagship development assets are the Karish and Tanin fields, offshore Israel. The 100% working interest in the Karish and Tanin leases are held via its subsidiary, Energean Israel, in partnership with Kerogen Capital (70/30), and is aiming to produce gas by Q1 2020. Energean Israel also holds 100% working interest in five exploration licences, offshore Israel.
Energean also holds a 100% working interest in the Prinos and South Kavala development areas within the Prinos Basin, offshore Northern Greece, in the Gulf of Kavala, where it produces oil & gas.
In March 2017, the Company agreed to farm out a 60% working interest to Repsol in the Ioannina and Aitoloakarnania onshore blocks, Western Greece, with Repsol as the Operator.
The Company holds a 100% working interest (Operator) in the 25-year exploitation license of the West Katakolo offshore field, where oil & gas was discovered and tested in the 1980s.
Energean also holds a 100% working interest in two offshore blocks in Montenegro.