חומר רקע
1
ENERGEAN - PRESENTATION TO ISRAELI
COMPETITION AUTHORITY
AUGUST 2020
אנרג'יאן
ישראל
מצגת לוועדה המיוחדת לעניין הקרן לאזרחי ישראל
נובמבר2021
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ENERGEAN GROUP AT A GLANCE
2
TRADED IN FLAGSHIP INDICES
LSE (FTSE 250) AND TASE
EAST MED. FOCUSED
GAS FOCUSED
MORE THAN 620 EMPLOYEES, 23 NATIONALITIES
3
3
Rolling Short-Term Emissions Intensity Target
1 Net zero is defined as the balance of emitted/removed GHG gases, as required by the Paris Agreement. Currently only in respect to Scope 1 & 2 emissions; Scope 3 under evaluation
2 Previous 2021 guidance was 21 kgCO2e/boe ** Industry average – Wood Mackenzie
22.2
17.9
13.4
8.5
7.7
7.3
0
5
10
15
20
25
2020 pro
forma
2021
2022
2023
2024
2025
Carbon intensity scope 1 and 2 (kgCO2e/boe) based on
working interest production from operated sites
15% below
previous
2021
guidance2
Industry average
COMITTED TO NET ZERO
85% Carbon Intensity Reduction Targeted by 2023 Versus Our 2019 Base
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KARISH PROJECT – LAYOUT
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* Updated 2021
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KARISH PROJECT – ON TRACK
Energean Power FPSO
2019-2022
FPSO construction, Singapore
Q1 2022
Sail away from Singapore to
Israel
Q2 2022
Hook-up, pre-first gas
commissioning
Mid 2022
Karish first gas
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ISRAEL PROVEN NATURAL GAS RESERVES
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Chevron
Chevron
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Natural Gas Operators in Israel – COMPARISON
225 Billion
2 billion
0
50
100
150
200
250
Chevron Corporation
Energean PLC
* Based on USD/NIS exchange rate 3.1
** Market cap, Nov 11 2021
CHEVRON
91%
ENERGEAN
9%
ISRAEL TOTAL RESERVES
(BCM, BY OPERATOR)
Other fields
Karish-Tanin
Market Cap (USD)
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ENERGEAN ISRAEL - EVOLUTION
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2016
2018-2019
2022
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
________________________________________________________
* 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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ENERGEAN’S APPROACH TOWARDS THE LOCAL COMMUNITY
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Etgarim Spring Run, 2021
Beach cleaning, Michmoret, 2020
Tokyo games 2020
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-THANK YOU-