Tag: Prinos

Greek only producing oil field under pressure due to decline in oil prices – Greece, 11 March 2020

Greek only producing oil field – Prinos offshore Kavala in northern Greece, operated by Energean Oil & Gas, has been put under lot of pressure amid decline in global crude oil prices because of its high production cost – up to 20 dollars/barrel. Energean has made a considerable effort to keep Gre Full article available […]

Energean plans new platform at Prinos offshore field – Greece, 17 October 2018

Energean Oil & Gas plans to install a new platform tat its Prinos oil field in northeastern Greece by the end of 2019. This would be the first platform installed at the oil field since 1979. The new platform will be named Lamda and it will be installed over two wells in Epsilon field within […]

Energean extended Prinos offtake agreement with BP until 2025 – Greece, 13 February 2018

Energean Oil & Gas announced that it has extended its long-term offtake agreement with British Petroleum (BP) until 1 November 2025. Entire volume of Energean’s production of crude oil from Prinos basin is currently sold to BP under the offtake agreement, which was initially signed in 2013 and covered the period until 31 July 2021. […]