Dear new colleagues,
We have completed the acquisition of Edison E&P and I am delighted to welcome all of you to the Energean team!
This is an incredible milestone for our business and I’m very excited about the potential it unlocks for us in the years to come. We have shaped an outstanding team to further strengthen our position in the market with a focus on the Mediterranean region.
This acquisition is transformational for Energean, diversifying us into nine countries of operation and materially increasing our production and cash flow, even before we bring our flagship gas development in Israel, Karish, into production next year.
In 2019 we became the first independent E&P to set a net zero target for 2050 and we are on track to reduce our carbon intensity by 70% by 2022.