{"id":559485,"date":"2021-01-24T03:39:05","date_gmt":"2021-01-24T03:39:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/"},"modified":"2021-01-24T03:39:05","modified_gmt":"2021-01-24T03:39:05","slug":"energean-ramping-up-spending-at-former-edison-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/","title":{"rendered":"Energean ramping up spending at former Edison assets"},"content":{"rendered":"

<\/a> Energean is planning to spend some USD 235 mn to develop the North<\/strong> Amriya and North Idku concessions offshore Egypt<\/strong>, the Greek company said in a statement (pdf)<\/a> on Thursday, its first major investment in its Egypt assets since acquiring them from Edison last year<\/a>. The North Amriya concession contains the Yazzi and Python fields, both of which have been discovered and appraised, while the North Idku concession contains four gas fields, including one that is ready for development, the statement says. The development of both concessions is expected to deliver first gas in 2H2022, and could yield 49 mn barrels of oil equivalent, 87% of which is gas.<\/p>\n

The concessions were among Edison\u2019s oil and gas assets in Egypt, which Energean acquired<\/strong> at the end of last year as part of a wider purchase of the Italian company\u2019s total energy portfolio. The development of the concessions is a \u201ckey [project] for the Egyptian portfolio which will provide substantial benefits to the long-term production profile in the country,\u201d the statement says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Energean is planning to spend some USD 235 mn to develop the North Amriya and North Idku concessions offshore Egypt, the Greek company said in a statement (pdf) on Thursday, its first major investment in its Egypt assets since acquiring them from Edison last year. The North Amriya concession contains the Yazzi and Python fields, […]<\/p>\n","protected":false},"author":1,"featured_media":559486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[3678,198,93,72,125,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-edison","tag-energean","tag-energy","tag-enterpriseam","tag-investment-watch","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"70fe0efe-1504-4792-a82a-3c9da9db7522","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/283.jpg","photo_position":"above","related_issue":[559472],"teaser":"","voice_url":""},"yoast_head":"\nEnergean ramping up spending at former Edison assets - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energean ramping up spending at former Edison assets\" \/>\n<meta property=\"og:description\" content=\"Energean is planning to spend some USD 235 mn to develop the North Amriya and North Idku concessions offshore Egypt, the Greek company said in a statement (pdf) on Thursday, its first major investment in its Egypt assets since acquiring them from Edison last year. The North Amriya concession contains the Yazzi and Python fields, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-24T03:39:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/283.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Energean ramping up spending at former Edison assets\",\"datePublished\":\"2021-01-24T03:39:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/283.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Edison\",\"Energean\",\"energy\",\"EnterpriseAM\",\"investment watch\",\"oil and gas\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/\",\"name\":\"Energean ramping up spending at former Edison assets - 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The news came as Energean CEO Mathios Rigas discussed the company\u2019s\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624051,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/23\/carlyle-to-launch-mediterranean-energy-company-with-usd-945-mn-acquisition-of-energeans-egyptian-croatian-and-italian-assets\/","url_meta":{"origin":559485,"position":1},"title":"Carlyle to launch Mediterranean energy company with USD 945 mn acquisition of Energean\u2019s Egyptian, Croatian, and Italian assets","author":"enterpriseam admin","date":"23 June 2024","format":false,"excerpt":"Energean will sell the assets for more than three what it paid for them in 2020","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1337.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662774,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/23\/energean-terminates-usd-945-mn-sale-of-mediterranean-assets-to-carlyle\/","url_meta":{"origin":559485,"position":2},"title":"Energean terminates USD 945 mn sale of Mediterranean assets to Carlyle","author":"enterpriseam admin","date":"23 March 2025","format":false,"excerpt":"The decision came after Carlyle missed a 20 March deadline to get the necessary approvals","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1761.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596682,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/italys-edison-to-drill-exploratory-well-in-offshore-theqa-concession-in-4q2019\/","url_meta":{"origin":559485,"position":3},"title":"Italy\u2019s Edison to drill exploratory well in offshore Theqa concession in 4Q2019","author":"enterpriseam admin","date":"4 July 2019","format":false,"excerpt":"Energean in pole position to take over Edison\u2019s oil and gas unit: Greek energy company Energean is the frontrunner to take over Edison\u2019s oil and gas unit, sources told Reuters. The company is said to be locked in a bidding war with Cairn Energy over the EDF-owned company\u2019s oil and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572576,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/energean-is-buying-less-of-edisons-oil-and-gas-assets-but-egypt-is-still-part-of-the-transaction\/","url_meta":{"origin":559485,"position":4},"title":"Energean is buying less of Edison\u2019s oil and gas assets, but Egypt is still part of the transaction","author":"enterpriseam admin","date":"30 June 2020","format":false,"excerpt":"M&A WATCH- Energean is buying less of Edison\u2019s oil and gas assets, but Egypt is still part of the transaction: Edison has agreed to cut the price at which it sell its oil and gas portfolio to Energean by more than 60% to USD 284 mn after its assets in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596727,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/greeces-energean-to-acquire-edisons-oil-and-gas-portfolio-for-usd-750-mn\/","url_meta":{"origin":559485,"position":5},"title":"Greece\u2019s Energean to acquire Edison\u2019s oil and gas portfolio for USD 750 mn","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"M&A WATCH- Greece\u2019s Energean to acquire Edison\u2019s oil and gas portfolio for USD 750 mn: Greek energy company Energean Oil & Gas is due to buy the oil and gas portfolio of Italy\u2019s Edison, which includes substantial assets in Egypt, the company announced in a statement (pdf). 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