Half Year 2023 Energean PLC Earnings Call Transcript
Good morning, everyone, and thank you for joining our call today. We are very happy to be reporting results from the first half of 2023 that brings Energean to be a major producer of gas and oil in the East Mediterranean.
The first half that brought us to 106,000 barrels of oil a day, nearly 3x our production of the first half of 2022. And I'll remind everyone that a few years ago, we were just the producing company from Prinos, grew to back to the Italian and other asset revenue portfolio. And today, we are firmly on track and are steadily producing more than 6 billion cubic meters a year, primarily in Israel, of course, from our FPSO and a field that is performing exceptionally well.
We did have some start-up issues, and I think that is only to be expected like every major project like this, like every major FPSO, but these have been substantially overcome. We did -- we give new guidance with our production results today, and we believe we will be around 125,000 barrel a day equivalent mark towards the end of the year. We did address
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