• Energean exploring gas investments in Angola, Mauritania and Senegal
• Company considering stakes in Angola upstream oil and gas projects
• Move follows Energean’s 2025 withdrawal from Morocco offshore gas project

Greek energy company Energean is exploring several gas investment opportunities in Africa, months after withdrawing from Morocco. The group is assessing assets in Angola as well as in Mauritania and Senegal, according to an interview with chief executive Mathios Rigas published Monday, March 9, by Upstream Online.

The company said it is close to entering Angola’s oil and gas sector, considering the acquisition of stakes in existing upstream projects.

Energean is also eyeing offshore gas resources along the maritime border between Mauritania and Senegal, a region that has drawn growing international interest following a series of offshore discoveries in recent years. The two countries share the Greater Tortue Ahmeyim gas project, which spans their maritime border. Operated by BP alongside Kosmos Energy, the project came onstream in late 2024 and shipped its first liquefied natural gas cargo in April 2025. Its first phase targets production capacity of approximately 2.3 million tonnes of LNG per year.

A Short-Lived Move into Moroccan Offshore Gas

The shift in strategy comes after Energean’s withdrawal from Morocco. Less than a year earlier, the company had entered the country’s offshore gas sector by acquiring interests in the Lixus and Rissana licences, alongside British firm Chariot and the state hydrocarbons authority ONHYM.

Finalised in April 2024, the transaction gave Energean a 45% stake in the Lixus licence and 37.5% in Rissana, while also making it operator of the Anchois gas project off the coast of Larache, according to Ecofin Agency.

However, the company’s presence proved short-lived. Following a drilling campaign on the Anchois-3 well, results fell below initial expectations, reducing the chances of developing a commercially viable field. Energean subsequently chose to exit the project and hand back its interests to Chariot, which resumed control of both licences alongside ONHYM. The withdrawal, officially confirmed in May 2025, brought to a close an operational presence in Moroccan offshore gas that lasted barely a year.

Abdel-Latif Boureima