חומר רקע
1
ENERGEAN - PRESENTATION TO ISRAELI
COMPETITION AUTHORITY
AUGUST 2020
כנסת ישראל
הוועדה המיוחדת לפיקוח על הקרן לניהול הכנסות
המדינה מהיטל על רווחי גז ונפט
מצגת לוועדה |
ספטמבר2020
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ENERGEAN GROUP AT A GLANCE
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TRADED IN FLAGSHIP INDICES
LSE (FTSE 250) AND TASE (TA-35)
EAST MED. FOCUSED:
7 COUNTRIES OF OPERATION
GREECE
ISRAEL
MONTENEGRO
EGYPT
ITALY
UK
CROATIA
+800 MMBOE 2P & 2C RESOURCES*
72% GAS FOCUS
MORE THAN 400 EMPLOYEES, 28 NATIONALITIES
* Group resources post Edison acquisition
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3
ENERGEAN RESERVES AND RESOURCES (in MMBOE) BASE
* To be acquired
** D&M CPR at 31.12.19
2P
2C
2P + 2C**
% Gas
114
-
114
87%
70
36
106
50%
3
-
3
100%
4
-
4
46%
287
201
489
88%
54
59
113
7%
532
296
828
72%
Israel remains
above 50% of
Group combined
reserves post
Edison acquisition
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ENERGEAN PLC
ENERGEAN ISRAEL – SHAREHOLDERS
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KEROGEN CAPITAL
30%
70%
ENERGEAN ISRAEL
Hong Kong based
private equity
fund, specializes
in Energy
Investments
UK based,
15%-20%
shareholdings by
Israeli
Institutions
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ENERGEAN ISRAEL - EVOLUTION
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2016
2018-2019
2021
2026
Acquisition of Karish-
Tanin Reservoirs*
Final Investment
Decision (FID)
Oil & Gas Levy
(Shashinski) payment
IPO – London (LSE)
Listed on TASE (TA-35)
1st Bid Round: Blocks
12,21,22,23,31
First Gas (H2)
________________________________________________________
* Acquired from Noble-Delek partnership under the regulatory framework
** The first exploration drilling performed in Israel since 2013
2nd Bid Round: Blocks
55, 56, 61,62
Exploration – Karish
North Discovery
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KARISH FPSO: A REGIONAL HUB FOR NATURAL GAS
OPEN ACCESS
MANIFOLD
FPSO
CAPACITY: 8
BCM/Y
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ISRAEL NATURAL GAS RESERVES
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Based on public
information, approx.
1000 BCM reserves
are available in Israel
Karish and Tanin
(including Karish
North) constitute
approximately 10%
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KARISH PROJECT DEVELOPMENT
Zhoushan,
China
Singapore
Due to Covid-19, FULL LOCK DOWN IN SINGAPORE
April - July 2020
Causing significant delay in FPSO delivery
Arrival of FPSO Hull in Singapore - 15 April 2020
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KARISH PROJECT DEVELOPMENT – cont’
Karish offshore pipe laying - completed
Installation of Karish manifold - completed
Nearshore pipe laying - completed
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KEY GAS SUPPLIERS IN ISRAEL – MARKET CAP
Chevron Corporation, 162.8
Noble Energy Inc., 4.97
Delek Drilling – Limited
Partnership, 1.24
Energean PLC , 1.3
0
20
40
60
80
100
120
140
160
180
Chevron Corporation
Noble Energy Inc.
Delek Drilling – Limited Partnership
Energean PLC
Market Cap (Billion USD), *, **
* Based on USD/NIS exchange rate 3.4
** Based on August 24th market cap.
Operator
Operator
Future Operator
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EXPLORATION BLOCKS – ENERGEAN ISRAEL
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-THANK YOU-