Global investment firm Carlyle has announced its agreement to acquire a portfolio of gas-weighted exploration and production (E&P) assets from Energean, a London-based company with resources in the Mediterranean. The assets, located in Italy, Egypt, and Croatia, include significant operations like Italy’s Cassiopea gas field and Egypt’s Abu Qir hub. The transaction, which aims to create a standalone E&P company, will be financed through Carlyle International Energy Partners, a private equity fund specializing in energy investments. Tony Hayward, former CEO of BP and current Executive Chairman of SierraCol, is set to become Chairman of the new company. Carlyle plans to leverage its experience in successful E&P asset carve-outs to scale regional operations. Regulatory approvals are pending. Energean CEO Mathios Rigas expressed confidence in Carlyle as the new custodian of these assets and praised the dedicated work of Energean’s teams in the involved regions.

Energy, Private Equity,Italy, Egypt, Croatia