Energean currently holds 9 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 (50/50), and is aiming to produce gas by 2020.
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 Repsolof in the Ioannina and Aitoloakarnania onshore blocks, Western Greece, with Repsol as the Operator.
The Company holds a further 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.
Moreover, Energean holds a 100% working interest and is the Operator in the concession of two offshore blocks in Montenegro and is also the Operator in the West Kom Ombo block, Upper Egypt, in which it holds a 60% working interest.