[Greece] Block 2

escveritas
Site Admin
Posts: 3186
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

[Greece] Block 2

Unread post by escveritas »

Energean completes acquisition of stake in Block 2, offshore Greece

Image

London, 7 January 2021 - Energean plc (LSE: ENOG, TASE: אנאג ,(is pleased to announce that it has completed its acquisition of Total’s entire 50% working interest share and operatorship position in Block 2, offshore Western Greece. Combined with the 25% working interest that was acquired through the acquisition of Edison E&P, Energean’s working interest in the block is now 75%; Hellenic Petroleum holds the remaining 25%.

The acquisition provides Energean with additional exploration opportunities in its core area of the Eastern Mediterranean and Block 2 carries limited remaining financial commitments to satisfy the minimum work obligation.

Work on the licence to date has identified that it contains part of a large four-way dip closure that is covered by 2D seismic and represents a potential future drilling prospect.

The prospect is thought to be an analogue to the producing Vega field offshore Italy, in which Energean is operator with a 60% working interest, following the completion of the acquisition of Edison E&P. Energean also participates in the adjacent 84F.R-EL block offshore Italy, pending award.
Post Reply

Return to “Exploration”

Who is online

Users browsing this forum: No registered users and 4 guests