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Energean

Contacts

Energean PLC
32, Kifissias Avenue
Atrina Center
151 25 Marousi
Greece

Tel: +302 1081 74200

Israel
B.S.R. 3 Tower, 21st floor,
9, Metsada St., Bnei Brak
Israel

Tel: +972-3-7791188

Description

Established in 2007, Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations in nine countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.

Energean’s production comes mainly from the Abu Qir field in Egypt and fields in Southern Europe and the UK. The company’s flagship project is the 3.5 Tcf Karish, Karish North and Tanin development, offshore Israel, where it intends to use the newbuild fully-owned FPSO Energean Power, which will be the only FPSO in the Eastern Mediterranean. Energean continues to work towards delivering first gas in 1Q 2022. Energean Israel Limited has signed firm contracts for 7.4 Bcm/yr of gas sales into the Israeli domestic market, which have floor pricing, take-or-pay and/or exclusivity provisions that largely insulate the project’s revenues against global commodity price fluctuations and underpin Energean’s goal of paying a meaningful and sustainable dividend.

With a strong track record of growing reserves and resources, Energean is focused on maximising production from its large-scale gas-focused portfolio to deliver material free cash flow and maximise total shareholder return in a sustainable way.

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Related news

Energean Becomes Operator at Wenlock & Tors
03/04/2024
Energean Reports Karish North and Second Gas Export Riser Online and New GSPA Signed
29/02/2024
Energean announces corporate and operational update
19/05/2023
Energean Reports 2022 Full Year Results
23/03/2023
Energean announces first gas from North El Amriya and North Idku, offshore Egypt
09/03/2023
Energean  and Shell Egypt to Investigate CCS - Decarbonisation Potential
21/02/2023
Energean Provides Trading & Operational Update
19/01/2023
Energean announces Zeus-01 commercial gas discovery
07/11/2022
Energean confirms first gas from Karish
26/10/2022
Energean reports commercial gas discovery offshore Israel
06/10/2022
Energean Announces Exercise of Drilling Options and KM-04 Update
20/06/2022
Energean announces Israeli gas purchase agreement with IEC
15/03/2022
Energean provides operational update
03/11/2021

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