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Energean

Record High Oil Production from Greece's Prinos Oil Fields

Oil production from Greece's Prinos deposit in Macedonia, which includes oil fields both inland and offshore, is expected to exceed 4,000 barrels daily and 1.5 million barrels annually. This breaks all records for the last decade's oil production, according to Mathios Rigas,...

Oil Giants Bid For Exploration Off Greece

Two consortia have expressed interest in participating in two Greek oil and gas exploration and exploitation tenders for regions off Crete and in the Ionian Sea, the Hellenic Hydrocarbon Resources Management (HHRM) company has said. The two submissions are from...

Katakolo Oil Reserves in Greece 'Four Times Larger than Expected'

The quantities of oil at Katakolo, western Peloponnese, are four times larger than initially estimated, Energean sources revealed on Thursday. Proven reserves amount to 10.7 million barrels, instead of the estimated three million barrels expected during the period of the...

Greece to Open Tenders for Oil and Gas Explorations

The Greek government has opened two tenders for offshore oil and gas blocks in the Mediterranean and Ionian Seas and has invited IOCs to submit bids. The Hellenic Hydrocarbon Resources Management (HHRM) office in Athens has not yet identified which...

Energean Secures Gas Contracts for Israel Offshore Fields

Greek oil producer Energean has exceeded its target for gas sales contracts needed, before it proceeds with plans to tap two gas fields off Israel's coast, according to market sources. Energean bought the Karish and Tanin fields, located in deep...

Israel's Oil Refineries in Discussions to Possibly Buy Gas from Greece's Energean

On Sunday Israel's Oil Refineries (ORL) announced it is engaging in discussions to buy 17 billion cubic meters of natural gas from the Greek exploration and production firm Energean, for an undisclosed price, Reuters reported. ORL is negotiating non-binding memorandums...

Energean to Start Drilling at Katakolo, Greece in 2016-2017

Energean will start drilling for hydrocarbons at the Katakolo site in the winter of 2016-2017, followed by seismic surveys at the Ioannina site the following summer, company Chairman and CEO Mathios Rigas said at an international energy conference taking...

Violent Protest Against Former ND Minister

The ruling New Democracy Conservative party has condemned a violent protest against former minister, Makis Voridis,  ahead of a press briefing in Kavala, northeastern Greece, where workers of Kavala Oil stormed the hotel where the event was to take...

Canadian Firm Submitted Application for Exploration License in Ioannina, Greece

Petra Petroleum Inc. is a Vancouver-based company that announced they have submitted an application in response to the Greece Open Door invitation in order to be granted rights for the exploration of hydrocarbons. The Canadian Corporation, in collaboration with Energean...