Deal Insight
Carlyle Group to buy Energean assets
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 20th June 2024, The Carlyle Group, a private equity firm, has agreed to buy Energean’s assets in Egypt, Italy and Croatia for up to US$945 million, of which US$820 is firm. Carlyle will establish a standalone E&P company focussed on the Mediterranean, headed by ex-BP CEO Tony Hayward. Energean will refocus on its core assets in Israel and future growth in Morocco and set up a new subsidiary to centralise its Carbon Capture and Storage projects. Completion is expected by the end of 2024, subject to customary regulatory and antitrust approvals.
Table of contents
- Italian portfolio
- Egyptian portfolio
- Croatian portfolio
- Upsides
- Risks
- Energean
- The Carlyle Group
Tables and charts
This report includes the following images and tables:
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Divested assets in Italy and CroatiaDivested assets in EgyptReserves & Production
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Wood Mackenzie Valuation (Upstream Assets) - NPV and Implied Long-term Oil PriceDivested assets by remaining reservesMarket Oil & Gas Prices
What's included
This report contains:
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