DEA, after having been separated from RWE and sold to L1Energy in 2015, has become a lean company with a real entrepreneurial competence combined with their distinctive technological expertise. Focus is now really on efficiency and value creation.
My government career has been anchored in economics and finance portfolios in the UK Treasury. The role that took me into energy was leading a team of international economists covering commodities markets, as well as the regions of the Middle East, Africa, Eastern Europe, and Central Asia.
It is no secret that Vaca Muerta is a significant potential source of revenues for the country and a platform for large investments seeking attractive returns.
Our strategy remains focused on becoming the leading E&P focused on the Mediterranean region and this acquisition only serves to reinforce this strategy. As you will have seen, our Karish development project has continued to progress very well whilst we have been assessing this acquisition opportunity and we will pursue this same disciplined approach to the development projects that we are acquiring, namely Cassiopea in Italy and NEA in Egypt.
Energean’s strategy has been to focus on its core competencies and competitive advantage. Regional focus in the Med, gas weighted portfolio of assets, combination of producing fields with new development projects and near field & infrastructure exploration
