Katakolo is a conventional oil development located in shallow water in Greece and is operated by Energean. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Katakolo was discovered in 1981, lies in block Katakolon, with water depth of around 984 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023. The development cost is expected to be $65 m. The Katakolo conventional oil development will involve the drilling of approximately four wells.
Field participation details
The field is owned by Energean.
Production from Katakolo
Production from the Katakolo conventional oil development project is expected to begin in 2023 and is forecast to peak in 2027, to approximately 3,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 11.10 Mmboe, comprised of 11.10 Mmbbl of crude oil & condensate.
Energean PLC (Energean), formerly Energean Oil & Gas Plc, is an oil and gas company that produces crude oil and natural gas. The company’s activities include production, development and exploration of oil and natural gas properties. It holds interest in Karish, Tanin blocks in Israel; Prinos, Ioannina, South Kavala, and Katakolo in Greece; Abu Qir field in Egypt and Izabela in Croatia. Energean’s gas platform includes an onshore plant with storage, offshore loading, and power generation facilities. The company operates its offices in Greece, Italy, Cyprus, Croatia, Israel, the UK, Montenegro and Egypt. Energean is headquartered in London, Greater London, the UK.
For more details on the Katakolo Conventional Oil Field, buy the profile here.