The year 2022 was a year of positive delivery, said Mathios Rigas, Chief Executive of Energean, announcing the audited full year results that ended at the end of 2022. In a press release, he was quoted as saying that ‘2022 was a year of transformation for Energean – where a long-held vision became an operational reality. It was a year of positive delivery’. He said they commenced production from the only FPSO in the strategically vital Eastern Mediterranean region, paid dividends to the company’s shareholders and laid the foundation for our future growth through the discovery and de-risking of new natural gas resources adjacent to our infrastructure. At the same time, Energean was the sole owner-operator of five deepwater wells, which drove a 20% increase in our reserve base, and marked the 15th consecutive year of reserve and resource base increases for Energean. ‘We are proud to be on track to deliver between 4.5 and 5.5 bcm of gas into the Israeli domestic gas market this year’ he said. Regarding the first quarter of 2023, Rigas said it continued the positive trend. Production from Karish is in line with the company’s expectations, and in February they supplied the first Israeli hydrocarbon liquids export cargo to international markets. In Egypt, they achieved first gas at NEA/NI with three further wells due to come onstream during the year. ‘In Italy, we are the third largest producer of natural gas and look forward to increasing our contribution towards the country’s energy supply. And in Greece, we are continuing our efforts to explore the untapped resources of the country’, he added.
Source: Cyprus News Agency