M&A Deal Summary

Energean Oil & Gas S.A. Acquires Eurotech Service SA

On December 20, 2007, Energean Oil & Gas S.A. acquired business services company Eurotech Service SA from Enwell Energy

Acquisition Highlights
  • This is Energean Oil & Gas S.A.’s 1st transaction in the Business Services sector.
  • This is Energean Oil & Gas S.A.’s 1st transaction in Greece.

M&A Deal Summary

Date 2007-12-20
Target Eurotech Service SA
Sector Business Services
Buyer(s) Energean Oil & Gas S.A.
Sellers(s) Enwell Energy
Deal Type Divestiture

Target

Eurotech Service SA

Athens, Greece
Eurotech Service SA is a provider of project management; energy consultancy services; and personnel for plant, supervision, operation, and maintenance. It serves petroleum, gas, chemical, and other sectors in commerce. It also provides documentation and as built drawings service.

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Buyer(S) 1

Buyer

Energean Oil & Gas S.A.

Marousi, Greece

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Energean Oil & Gas S.A. is a independent E&P company focused on the Eastern Mediterranean region where it already holds seven E&P licences, encompassing Greece, the Adriatic, offshore Israel and onshore North Africa. It is the only oil and gas producer in Greece with a 35-year track record of operating offshore and onshore assets in environmentally sensitive areas and employs more than 460 oil and gas professionals. Energean has reserves of 30 million barrels (2P) audited by ERC Equipoise and 28 million barrels of contingent resources (2C) in the Prinos Licence, offshore NE. Greece, as well as 2.4 Tcf of natural gas (2C) at the Karish and Tanin fields, offshore Israel.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Greece M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Energean Israel

Israel

Energean Israel Ltd. is an owns and operates of and holds a 100% interest in each of the Karish and Tanin gas fields.

Sell -

Seller(S) 1

SELLER

Enwell Energy

London, United Kingdom

Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees279
Revenue 45M GBP (2024)
DESCRIPTION

Enwell Energy is an independent oil and gas company that explores, develops, and produces oil and gas, condensate, and liquefied petroleum gas primarily in Ukraine. Enwell Energy was founded in 2002 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Greece M&A 1 of 1
Year: 2007 M&A 1 of 1