Prinos is a producing conventional oil field 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, the field is located in block Prinos Development Area, with water depth of 168 feet. Buy the profile here.
An expansion project is associated with the Prinos, namely the Prinos EOR. This project is currently in the approval stage.
Field participation details
The field is owned by Energean.
Production from Prinos
The Prinos conventional oil field recovered 91.97% of its total recoverable reserves, with peak production in 1985. The peak production was approximately 27.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 55% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 10.60 Mmboe, comprised of 10.60 Mmbbl of crude oil & condensate.
About Energean
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 Prinos Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
