Energean Says Its Egyptian Platforms Hold 3tcf of Gas

Energean Says Its Egyptian Platforms Hold 3tcf of Gas

There are around 3 trillion cubic feet (tcf) of estimated potential gas reserves beneath Energean’s current Egyptian platforms, Mathios Rigas, Energean’s CEO told  Reuters.

Energean, through Energean Egypt, maintains and operates a full-cycle production, development, and exploration portfolio. It operates and owns 100% of each of  Abu Qir concession, North East Almreya and North Idku concessions, in addition to 50 % of East Bir El Nus on-shore concession and a 30% interest in  North East Hap’y off-shore concession.

Regarding its revenues, Energean achieved $804 million in H1 2025, compared to $867 million in H1 2024, with adjusted Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization, and Exploration Expenses (EBITDAX) being $505 million.

Energean plc is an international hydrocarbon exploration and production company, with a focus on natural gas.

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Fatma Ahmed 2419 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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