Prinos North is a producing conventional oil field located in shallow water in Greece and is operated by Energean. The field is located in block North Prinos, with water depth of 99 feet.
Field participation details
The field is owned by Energean.
Production from Prinos North
The Prinos North conventional oil field recovered 87.51% of its total recoverable reserves, with peak production in 1996. The peak production was approximately 1.5 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 6% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.66 Mmboe, comprised of 0.66 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; 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.
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.