At a Glance

Energean Oil & Gas (LSE:ENOG, FTSE 250, TASE:אנאג, TA-35) is a London-based independent E&P company focused on developing resources in the Mediterranean. Energean is committed to sustainable development and to be a net zero emitter by 2050. The company also strives to meet United Nations' 17 Sustainable Development Goals through its day-to-day operations and a wide range of CSR initiatives.



Including the acquisition of Edison E&P, which is expected to be completed within 2020, Energean will be operating production, development and exploration assets and running projects in eight countries in the Med with an excellent HSE track record.

The company has an 80% gas weighted portfolio with 558 mmboe of 2P reserves and 2C resources. Inclusive of the Edison E&P assets, Energean will reach app. 800 mmboe 2P reserves and 2C resources. Energean’s reserves and resources have increased by a 67% CAGR between 2008 and 2019.  


The Company’s flagship development assets are the Karish and Tanin fields, offshore Israel. The 100% working interest in the Karish and Tanin leases are held via its subsidiary, Energean Israel, in partnership with Kerogen Capital (70/30). Moreover, Energean Israel holds 100% working interest in nine exploration licences, offshore Israel. 

According to updated Netherland Sewell & Associates, Inc.’s (NSAI) Competent Persons Report (CPR), Energean's flagship development offshore fields, Karish and Tanin contain 1.46 Tcf net to Energean gas and 29 mmbls net to Energean light hydrocarbon liquids 2P reserves. 

In total, Karish and Tanin contain 287 mmboe net to Energean 2P reserves and 24 mmboe 2C resources.

The Company also announced a gas discovery in the Karish North structure on April 15, 2019. The Karish North appraisal well confirmed best recoverable resources of 0.9 TCF(25 BCM) plus 34 million barrels of light oil / condensate.

Subject to finalisation of Netherland Sewell and Associates Competent Persons' Reports, Karish North will add 136 mmboe net to Energean 2C resources.

Energean is on track to start producing from the Karish field in 1H 2021. Including Karish and Edison E&P portfolio, Energean's daily production will reach 130,000 boepd in 2021 (app. 80% gas). 

In Greece, Energean has 54 mmboe 2P reserves and 59 mmboe 2C resources.

In addition, the Company has significant exploration potential in the licences held in Israel, the Adriatic, and Western Greece, which provides the basis for future organic growth.