Energean Plc
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Rigas Mathios
- Full Time Employees
- 583
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Accurist House London LO United Kingdom W1U 7AL
- IPO Date
- Mar 21, 2018
- Website
- energean.com
- Similar Companies
- Business
- Energean plc, a London-based independent hydrocarbon exploration and production company founded in 2007 and headquartered at Accurist House in London, UK, focuses on natural gas development and production across the Mediterranean region including Europe, Israel, Egypt and new ventures. The company produces and sells natural gas and oil through flagship assets such as the Karish and Tanin fields offshore Israel via its Energean Power FPSO with 8 bcm annual capacity; the Katlan development project tied back to the same FPSO encompassing Athena, Zeus, Hera and Apollo reservoirs holding 229 mmboe in 2P reserves with first gas targeted for H1 2027; Prinos concession and South Kavala in Greece; Cassiopea, Vega, Rospo Mare, Clara Complex and Sarago Mare in Italy; Scott and Telford fields in the UK North Sea; and operations in Egypt and Croatia. Energean supplies gas under long-term contracts totaling over $20 billion in revenues including a recent 15-year Nitzana pipeline deal for up to 1 bcm/year with Israel Natural Gas Lines, a non-binding term sheet for East Mediterranean offtake, a $2 billion Gas Sale and Purchase Agreement with Kesem Energy for its power plant, and a letter of intent with Cyfield for Cypriot power generation via a proposed subsea pipeline from the FPSO. Recent developments include a November 2025 farm-in agreement welcoming ExxonMobil as 60% partner in Greece's deepwater Block 2 exploration concession where Energean operates the exploration phase; advancement of the Katlan project on time and budget with $1.2 billion total capex and peak activity in 2026; progress on carbon storage in Greece with environmental permit and Recovery and Resilience Facility funding received; termination of the proposed $945 million sale of Egypt, Italy and Croatia assets to Carlyle in March 2025 due to unmet regulatory approvals; raised Israel capex guidance to $480-500 million incorporating Nitzana pipeline downpayment and accelerated Katlan milestones; and strong nine-month 2025 performance with $1,290 million revenues, $828 million adjusted EBITDAX, and 2024 production of 153,000 boepd up 24% year-over-year.
Company News
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