Energean has partnered with industry leading oil majors and world-renowned investors, emerging as a leading player in the Eastern Mediterranean.
ICL, Bazan Group and OPC signing event, Tel Aviv, December 2017
Third Point, a US based fund that has US$ 17 billion under management, invested in Energean as equity supporter through its subsidiary Third Point Hellenic Recovery in 2013.
Kerogen Capital, a London and Hong Kong based fund that has US$ 2 billion under management, invested in Energean Israel in February 2017. In March 2018, as the Energean Oil & Gas PLC capital share was admitted to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the main market of the London Stock Exchange, Kerogen Capital further invested in the mother company.
Capital Research Global Investors, Pelham Capital and Clal Insurance have also invested in Energean's IPO. Moreover, Energean has teamed up with industry leaders. Prime Marine is an affiliate company that manages a fleet consisting in total of 34 tankers and LPG carriers. British Petroleum has agreed to purchase the entire oil production from Prinos up to November 2025, TechnipFMC has been awarded a contract for the construction of the FPSO which will develop the offshore gas fields in Israel, while Stena Drilling has been awarded the drilling contract for the Karish development project. Repsol has farmed into two Energean onshore concessions in Western Greece and has become Operator of the projects.
Energean has also secured funding of its development projects in Israel and Greece, as it has signed Facility Agreements of more than US$ 1,4 billion with major banks such as Morgan Stanley, Natixis, Bank Hapoalim, Societe Generale and the EBRD.
Finally, Energean has signed Gas Sales and Purchase Agreements for the entire gas discovered in the karish and Tanin fields, offshore Israel, with major Israeli industires and IPPs. You can find a list of Energean's partners below.
Industry and Affiliates
Oil Field Services
Gas Sales Purchase Agreements