Energean Boosts Output, Eyes Growth in Mediterranean & Africa
Update: 2025-11-26
Description
Energean, a leading energy company, reported a 35% increase in oil and gas output in Q3, keeping them on track to meet their 2025 production goals. Despite political challenges and a temporary shutdown in Israel, they averaged 151,000 barrels of oil equivalent per day. The company generated $828 million in adjusted earnings and formed a new partnership with ExxonMobil for Greeces deepwater exploration. Energeans production costs remained low at $6 per barrel, and they improved safety and emissions performance. Israel remains a key operation, contributing 109,000 barrels of oil equivalent per day. Looking ahead, Energean plans major activities at their Katlan project and is exploring new opportunities in West Africa.
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