Founding and Early Growth
Established in 2007, Energean has rapidly evolved into a leading independent, gas-focused exploration and production (E&P) company in the Greater Mediterranean region. Listed on both the London and Tel Aviv Stock Exchanges, Energean has expanded its operations across the Mediterranean and into the UK North Sea.
Strategic Portfolio and Production Growth
The company boasts a balanced portfolio of assets throughout the strategically vital Greater Mediterranean region. Energean’s focus on maximizing production has led to impressive growth, reaching 150,000 barrels of oil equivalent per day (boepd) in 2023, with 2P reserves of 1.2 billion barrels of oil equivalent.
Commitment to Sustainability and ESG
Energean has distinguished itself as an industry leader in sustainability, becoming the first E&P company globally to announce a net-zero emissions target for 2050. The company consistently works towards reducing its CO2 intensity and aligning with the Paris Agreement.
Vision and Values
Energean’s vision centers on creating value for all stakeholders while driving sustainable economic growth. The company adheres to core values including responsibility, excellence, integrity, workforce development, environmental care, and community engagement.
Innovation and Efficiency
The company invests in new ideas and solutions to produce and develop energy efficiently, at low cost, and with a low carbon footprint, maintaining a competitive edge in the evolving energy sector.
Global Responsibility and Local Impact
As a signatory of the UN Global Compact, Energean demonstrates commitment to principles of human rights, labor standards, environmental protection, and anti-corruption, while focusing on local community engagement.
Operational Excellence
Energean’s success is underpinned by its operational excellence. The company employs cutting-edge technologies and best practices in its exploration and production activities, ensuring safe, efficient, and environmentally responsible operations across all its assets.
Looking to the Future
Energean continues to balance growth with sustainability, positioning itself to play a significant role in the transition to cleaner energy sources while meeting the growing energy demands of the Mediterranean region. The company’s forward-looking strategy includes further expansion of its gas portfolio and continued investment in low-carbon technologies.