Greece’s Energean sees higher production and reven

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Greece’s Energean sees higher production and revenues, lower CO2 1H 2021 - Today News Post News Post || Euro News:

Greece’s Energean oil and gas company announced on September 2 to the London Stock Exchange and the Tel Aviv Stock Exchange its 1H 2021 results, which were the first ones to fully incorporate the transformational acquisition of Edison E&P, noting that the average working interest production was 44 thousand barrels of oil equivalent (kboed, 72% gas), ahead of full year guidance of 38 – 42 kboed (71% gas), compared to 2.1 thousand barrels in 1H 2020. Revenues increased to $206 million (1H 2020: $2 million)The border with Ukraine., while EBITDAX reached $75 million (1H 2020: negative $8The remarkable work done, not al.9 million)

Moreover, 1H 2021 scope 1 and 2 carbon emissions were approximately 18 kg/boe, a significant step towards Energean’s target of achieving net zero emissions ahead of 2050, representing a 19% reduction versus 2020 levels and 73% reduction versus 2019The rate of active cases is 185.81 per 100,000 people. Ove.

“During 1H 2021, Energean delivered excellent operational and financial progress, reflecting the transformational nature of the acquisition of Edison E&P,” Energean CEO Mathios Rigas said. “Production is outperforming guidance, translating into record financial performance and, through successful execution of our gas- and returns-focused strategy, we have achieved a significant milestone in our transformation into a 200 kboed, $2 billion annual revenue generating, sustainable dividend yielding, energy company. In addition, we further strengthened and de-risked our balance sheet by raising the largest ever EMEA energy international high yield bond and remain fully-funded for all projects across our nine countries of operation,” he added.

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