Energean's history

Since 2007, we have been creating our own history in the Mediterranean E&P sector.

2020

  • Carbon emissions intensity reduced by 69% compared with 2019
  • Energean completes the acquisition of Edison E&P
  • Energean wins Petroleum Economist Award for Transition Energy Strategy
  • Firm gas sales contracts reach 7.4 BCM per year
  • Energean completes Karish pipe laying and subsea systems installation, offshore Israel
  • 'Energean Power' FPSO leaves China and arrives in Singapore for the integration of the topsides
  • Energean signs with Greece's DEPA first commercial agreement in the context of the East Med Pipeline project

2019

  • Energean commits to net zero emissions by 2050
  • Energean agrees to buy Edison E&P
  • Energean announces that the Karish North well has made a significant gas discovery 
  • Production from the Epsilon field, Northern Greece, commences

2018

  • Energean wins Deal of the Year, Oil & Gas Company of the Year and Executive of the Year at the Oil and Gas Council’s "Awards of Excellence" ceremony
  • Energean wins “Energy Company of the Year- Small Cap” at the Petroleum Economist Awards
  • First Steel Cut on the "Energean Power" FPSO
  • Energean's shares have been admitted to trading on the Tel Aviv Stock Exchange
  • Energean Takes FID on Karish & Tanin Gas Project
  • Energean's shares have been admitted to trading on the main market of the London Stock Exchange
  • Energean Israel Signs US$1.275bn Facility Agreement with Four International Banks to Finance the Karish Development Project
  • BP and Energean extend long-term offtake agreement for the Prinos field to November 2025
  • Energean signs US$ 180 mn RBL Facility to further develop Prinos Basin
  • Energean Israel appoints Stena Drilling for the development drilling of the Karish Field, offshore Israel

2017

  • Energean awarded five exploration licences, offshore Israel
  • Energean receives approval to develop the Katakolo field in Western Greece
  • Energean signs agreements to supply natural gas from Karish and Tanin to ICL, Bazan, OPC, Dalia, Edeltech and Rapac groups, in Israel
  • The Israeli Government approves FDP for the karish and Tanin fields
  • Repsol farms-in to Energean’s Ioannina and Aitoloakarnania Blocks, onshore Western Greece
  • Energean signs Concession Contract for two offshore blocks, Montenegro
  • Kerogen Capital invests in Energean Israel
  • Energean appoints TechnipFMC for Karish & Tanin FPSO, offshore Israel

2016

  • Energean acquires 100% interest in Karish & Tanin fields, offshore Israel, from Delek Drilling and Avner
  • Energean secures exploitation license for West Katakolon offshore block in Western Greece
  • EBRD supports Energean’ s exploration projects with US$20 million loan and provides US$75m Reserve Based financing for Energean’s US$200m investment programme in Greece

2015

  • Energean completes first FTG survey ever to be conducted in Greece, over Ioannina onshore block.
  • Energean completes 3D seismic survey in the Prinos Oil Field
  • Energean commences new investment programme in Eygpt

2014

  • Six year offtake agreement signed between BP and Energean Oil & Gas for the entire oil production from Prinos
  • Greek Parliament ratifies Licence Agreements for Ioannina and Katakolon blocks, Western Greece.
  • Energean purchases new rig, Energean Force, and begins US$225 million investment programme in Kavala, North-West Greece
  • Energean announces 10 per cent increase in recoverable oil reserves at Gulf of Kavala

2013

  • Karish field, offshore Israel, discovered by Noble
  • Third Point invests $60 million in Energean Oil & Gas as equity supporter
  • Greek Parliament ratifies a 25-year extension of the Prinos Licenses.

2012

  • Tanin Field, offshore Israel, discovered by Noble.
  • Energean Oil & Gas participates in the Greek Open Door Invitation, targeting specifically the areas of Ioannina and Katakolo.

2011

  • Energean commences 3-year exploration period in West Kom Ombo concession, Egypt
  • Energean completes well PA-35 at Prinos

2010

  • Aegean Energy S.A. sucessfully completes well EA-H1 on Epsilon Field
  • Aegean Energy S.A. completes farm-in Agreement with Groundstar Resources Egypt, for the West Kom Ombo Block, Upper Egypt
  • Aegean Energy S.A. initiates new drilling operation to increase production from Prinos
  • Aegean Energy S.A. changes its name to Energean Oil & Gas

2009

  • Aegean Energy S.A. successfully completes the drilling of PNA-H1 well in the Prinos North Field
  • Jack-Up rig Energy Exerter arrives in Kavala.
  • Aegean Energy S.A. commences second phase of drilling operations in the Epsilon field

2008

  • Aegean Energy S.A. achieves extension of the concession licence for the Prinos oil field area
  • Aegean Energy S.A. initiates new drilling and development plan for Prinos North and Epsilon structures, Greece

2007

  • Aegean Energy S.A. announces the purchase of 100 per cent Eurotech’s shares, majority shareholder of Kavala Oil S.A