Energean Oil & Gas has signed a 180 million dollars loan agreement with several banks for financing further development of its Prinos, Prinos North and Epsilon offshore oil fields in Greece. The loan agreement was signed with the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), the Export-Import […]
Head of The Greek Hydrocarbons Management Company (EDEY), Yiannis Basias said that the country’s hydrocarbons exploration efforts will produce results within the next three years. Basias said that the exploration works covering a large part of western Greece may start by the end of the year as nine licenses have either already been approved or […]
Energean Oil & Gas announced that an annual oil production level at Prinos area has surpassed one million barrels so far in 2016, which is the first time since 2001. The company’s technical advisor Konstantinos Nikolaou said that Energean’s plan is to conduct the first round of its hydrocarbons drilling activities at Ioannina onshore block […]