Energean Oil & Gas

DEPA, Energean sign letter of intent to supply EastMed with gas

Greece's gas distribution network DEPA and Greek refiner Energean Oil & Gas signed a letter of intent which envisages the supply of two billion cubic metres of gas a year via the Eastern Mediterranean pipeline, just hours before an intergovernmental agreement for the support of the pipeline is signed by Greece, Cyprus and Israel in Athens.

Energean gets extra year to explore Montenegro's offshore oil and gas blocks

Montenegro, which is hoping to find oil and gas reserves off its coast, said on Friday it has extended Energean Oil & Gas's licence by a year to explore two blocks as the Greek company required more time.

Montenegro awarded Energean a 30-year oil and gas exploration licence in 2017 for the blocks covering a combined 338 square kilometers in the Adriatic Sea's shallow waters.

Energean hopes to supply Israeli gas to Cyprus

Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.
In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block off the coast of Israel to Vassiliko in Cyprus.

Greece's sole oil producer raises recoverable reserves estimate

Energean Oil & Gas, Greece's only oil producer, raised on Thursday its estimate of recoverable oil deposits by more than 10 percent to 30 million barrels.

Energean, in which US hedge fund Third Point LLC holds a 44.5 percent stake, produces about 1,700 barrels of crude a day off the northern Greek island of Thassos.