Energean Oil & Gas S.A II
Greece | Energy- Identification Code:
- OP/21/0021
- Total Operation Cost:
- 90.500.000 EUR
- Maturity:
- 95 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date90.500.000 EUR – 29 Jul 2021
-
BSTDB Signed Amount – Signed Date90.500.000 EUR – 27 Dec 2021
-
Status:Active
- Description and Purpose of the Operation:
- Provision of a loan of up to EUR 90.5 million to Energean Oil and Gas S.A. (Energean), the only Greek oil and gas exploration and production company. The proceeds will fund Energean’s investment plans - in particular the development of the Epsilon and Prinos fields - and will also support its working capital needs and the finalization of structural expenditures in the Prinos infrastructure complex.
- Countries of Operation:
- Greece (100,00%)
- Financial Product:
- Loans
- Sector:
- Energy
- Domain:
- Public
- Borrower/Client:
- Energean Oil & Gas S.A
- Co-Financers/Participants:
- Co-Financiers: The project will be financed by a EUR 9.5 mln of a loan from the Greek State subordinated to the BSTDB facility and a EUR 90.5 mln financing facility to be granted by BSTDB. Participants: N/A
- Guarantors/Sponsors:
- The facility is 90% backed by a first demand, irrevocable and unconditional guarantee by the Greek State.
- Developmental and Regional Cooperation Impact:
- The operation shall also assist the Hellenic Republic to develop exports. The operation will further contribute to the developments of the local economy, boost investment, create new employment and generate additional tax and royalty revenues for the State budget.
- Environmental Classification and Impact:
- Under the existing operation Energean is implementing the Environmental and Social Action Plan that includes further integration of environmental and social management system; implementation of measures to avoid and minimize impacts to marine ecology especially marine mammals; development of a full GHG inventory on an annual basis; and implementation of the Stakeholder Engagement Plant and the grievance mechanism for the life of the Project. The operation is monitored annually through the annual environmental and social monitoring reports which conclude that Energean’s performance in this respect is very good.
- Operation Leader:
- Energy & Infrastructure
- E-mail:
- ei@bstdb.org
As of 28 Feb 2026
