trending Market Intelligence /marketintelligence/en/news-insights/trending/v-0ST9MW67Nipvdix7_Dpg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Energean 2018 income soars to $100.8M as production jumps 46%

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Energean 2018 income soars to $100.8M as production jumps 46%

Energean Oil & Gas PLC, a subsidiary of Energean E&P Holdings Ltd, announced March 21 its income for the year ended Dec. 31, 2018, totaled $100.8 million, up significantly from the $9.9 million seen in 2017.

Total revenue for the year was reported at $90.3 million, rising from the $57.75 million seen in 2017. Cost of sales increased to $60 million for 2018 compared to $48.7 million in 2017. Operating profit was pegged at $23.8 million, up from an operating loss of $13.7 million seen a year earlier.

Production averaged 4,100 barrels of oil equivalent per day in 2018, up 46.4% from the 2,800 boe/d reported in 2017. Realized oil prices increased 29.1% year on year to $60.30/boe in 2018 compared to $46.70/boe in 2017.

Capital expenditure was reported at $494.6 million in 2018, surging by 631.3% from the $67.6 million spent in 2017.