Energean Plc (ENOG)

Overview

Energean plc is a notable entity in the oil and gas industry, focusing on the exploration, development, and production of these essential resources. Structured into four primary segments—Europe, Israel, Egypt, and New Ventures—it maintains a strategic presence in the Eastern Mediterranean region. The company's principal endeavor is the Karish project, situated in Israel, representing its commitment to tapping into significant energy reserves. Originally established as Energean Oil & Gas plc, it underwent a rebranding to Energean plc in May 2020, marking a new chapter in its journey since its inception in 2007. Based in London, United Kingdom, Energean stands as a key player in its sector, further diversifying its operations by offering financing services and holding a gas transportation license.

Products and Services

Energean plc prides itself in offering a comprehensive range of products and services designed to meet the ever-growing demands of the global energy market. These include:

• Oil and Gas Exploration: The core activity of Energean plc involves the exploration of new oil and gas fields, primarily in the Eastern Mediterranean. This process includes geological surveys and drilling to discover new energy resources.
• Development and Production: Following successful exploration, Energean focuses on the development and engineering of these discoveries into producing assets. This encompasses the construction of necessary infrastructure, such as wellheads and gathering systems, to extract, process, and prepare oil and gas for sale.
• Gas Transportation License: Holding a gas transportation license empowers Energean to not only produce but also transport natural gas. This allows the company to operate within various segments of the gas supply chain, enhancing its market presence and service offerings.
• Financing Services: Beyond its primary operations in the energy sector, Energean extends its expertise by providing financing solutions. These services are designed to support the economic aspects of its projects, facilitating smoother operations and development activities.