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Edison farms out E&P division to Energean in $750 mn
July 5, 2019
Source: Offshore Technology

Edison farms out E&P division to Energean in $750 mn

Greek oil and gas major, Energean has inked an agreement to acquire Edison E&P from Edison. The $750 million-deal will gain Energean 100% stake in Edison’s oil and natural gas unit. The acquisition will allow Energean to expand its operations in the emergent eastern Mediterranean gas hub, and establish an important presence in Egypt’s offshore basin.

   Read More About : Egypt Mergers and Acquisitions UPSTREAM Exploration and Production
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