Energean completes acquisition of Total's stake in Block 2 offshore Greece
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
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.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/08012021/energean-completes-acquisition-of-totals-stake-in-block-2-offshore-greece/
You might also like
CRC Evans appoints Mauro Piasere as new Chief Executive Officer
Edinburgh headquartered CRC Evans, the leading global welding and coating specialist across international energy and infrastructure projects, has announced the appointment of Mauro Piasere as its new Chief Executive Officer (CEO).