Prinos Concession

According to the most recent data presented by the management of Energean Oil & Gas in December 2016 the production of Prinos raised to 5 thousand barrels per day. The company continues its investment program with the development of a new – fifth well (PA-38). Present data lead Energean to estimate Prinos reserves to around 40 million barrels reserves against previous estimates placing the reserves up to 30 millions. In 2007 the certified reserves of oil were hardly 2 million barrels. Energean has submitted the data to an international independent expert for certification of this increase. Processing and interpretation of seismic data acquired in 2015 helped to upgrade the estimates for Epsilon reservoir.
As part of the concession of Prinos, it was initially certified with 15 million barrels. The new data, will allow the review of the development plan for Epsilon. This year for first time since 2001, the production of Prinos exceeded in one year the 1 million barrels. With a medium daily production above 2.500 barrels (near 3.500 barrels) it is the first time in the history of a concession the Greek State (HHRM) will receive royalties according to the convention of 2013.


acreage
153 sq.km



near Kavala airport

near Kavala seaport


2D (reprocessed)
815 Km

2D (proprietary)
1,798 Km

3D (proprietary) (1993)
75 Km

3D (proprietary) (1997)
178 Km

3D (proprietary) (2015)
368 Km


Kavala South-1
Kavala South-2
Kavala South-3
Kavala South-3A
Kavala South-3B
Kavala South-4
Kavala South-5
Athos-1
Prinos West-1
Prinos South-1
Prinos North-1
Prinos-2
Prinos-3
Prinos-4
Prinos-5
Prinos-5A
Prinos North-1
Prinos North-2
PA35A
PA36
PA40
PA41
PNA-H1
PNA-H2
PNA-H3


stratigraphic setting

click to view column

Peri-Alpine Rhodope Massive