Energean PLC Directorate Change (8665O)
13 Octubre 2021 - 1:00AM
UK Regulatory
TIDMENOG
RNS Number : 8665O
Energean PLC
13 October 2021
Energean plc
("Energean" or the "Company")
Directorate Change
London, 13 October 2021 - Energean plc (LSE: ENOG, TASE: ) is
pleased to announce the appointment of Roy Franklin OBE as an
Independent Non-Executive Director.
Mr Franklin will join Energean's Nomination and Governance
Committee and its Environment, Sustainability and Social
Responsibility Committees.
Karen Simon, Chairman, said:
"I am delighted to welcome Roy to the Board of Energean. Roy is
a highly respected industry figure, whose extensive experience in
CEO, NED and Chair roles will bring significant value to our
boardroom discussions. His involvement in the energy transition
space generally, as well as his experience with the Board of
Energean Israel, also positions him well to support our strategic
discussions. I look forward to working with Roy to deliver the
Company's goals and am confident that his insights and experience
will enhance Energean's future."
Roy Franklin OBE- summary CV
Mr. Franklin has over 45 years' experience as a senior executive
in the oil and gas industry. Mr. Franklin began his career at BP
where he spent 18 years latterly as Head of M&A at BP
Exploration. After BP, Mr Franklin was Managing Director of Clyde
Petroleum followed by being CEO of Paladin Resources until its
acquisition by Talisman Energy in 2005.
Mr Franklin has extensive experience as a non-executive director
including Amec Foster Wheeler plc (2016-2017), Keller Group plc
(2007-2016), Equinor A/S (2015-2019), Premier Oil PLC (2017-2021),
Santos Limited (2006-2017), and a member of the advisory Board of
Kerogen Capital LLC (until 30 September 2021).
Mr Franklin holds a Bachelor of Science in Geology from the
University of Southampton. In 2004 he was awarded an OBE in
recognition of his services to the Oil & Gas industry.
He is also Chair of international energy services group, John
Wood Group PLC, and a non-executive Director of Kosmos Energy.
No other information is required to be disclosed under Listing
Rule 9.6.13.
Enquiries
Investors, Analysts and Media
Kate Sloan, Head of IR, ECM and Communications +44 (0) 7917 608
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About Energean plc
Established in 2007, Energean is a London Premium Listed FTSE
250 and Tel Aviv 90 Listed E&P company with operations in nine
countries across the Mediterranean and UK North Sea. Since IPO,
Energean has grown to become the leading independent, gas-focused
E&P company in the Eastern Mediterranean, with a strong
production and development growth profile. The Company explores and
invests in new ideas, concepts and solutions to produce and develop
energy efficiently, at low cost and with a low carbon
footprint.
Energean's production comes mainly from the Abu Qir field in
Egypt and fields in Southern Europe. The company's flagship project
is the 3.5 Tcf Karish, Karish North and Tanin development, offshore
Israel, where it intends to use the newbuild fully-owned FPSO
Energean Power, which will be the only FPSO in the Eastern
Mediterranean, to produce first gas, commencing mid-2022. Energean
has signed contracts for 7.2 Bcm/yr of gas sales on plateau into
the Israeli domestic market, which have floor pricing, take-or-pay
and/or exclusivity provisions that largely insulate the project's
revenues against global commodity price fluctuations and underpin
Energean's goal of paying a meaningful and sustainable
dividend.
With a strong track record of growing reserves and resources,
Energean is focused on maximising production from its large-scale
gas-focused portfolio to deliver material free cash flow and
maximise total shareholder return in a sustainable way. ESG and
health and safety are paramount to Energean; it aims to run safe
and reliable operations, whilst targeting carbon-neutrality across
its operations by 2050. These aspirations were significantly
advanced with the completion of the Edison E&P acquisition in
December 2020, which has now been successfully integrated in
Energean's business.
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