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  1. Market Data
May 4, 2022

Prinos Conventional Oil Field, Greece

By Carmen

Prinos is a producing conventional oil field located in shallow water in Greece and is operated by Energean. The field is located in block Prinos Development Area, with water depth of 168 feet.

An expansion project is associated with the Prinos, namely 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 90.15% of its total recoverable reserves, with peak production in 1985. The peak production was approximately 27 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 61% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 13.17 Mmboe, comprised of 13.17 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; Epsilon, South Kavala, and Katakolo in Greece. Energean’s gas platform includes onshore plant with storage, offshore loading, and power generation facilities. The company operates its offices in Greece, Cyprus, Israel, the UK, Montenegro and Egypt. Energean is headquartered in London, Greater London, the UK.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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