Offshore staff
LONDON – Energean has acquired Total’s 50% operated stake in exploration block 2 offshore northwest Greece.
This lifts Energean’s overall stake in the concession to 75%, following its recent acquisition of Edison E&P; the other partner is Hellenic Petroleum (25%).
According to the company, block 2 carries limited remaining financial commitments to satisfy the minimum work obligation.
Work to date has identified part of a large four-way dip closure covered by 2D seismic, which could potentially be drilled in the future.
The prospect is thought to be an analogue to the producing Vega field offshore southeast Italy, which Energean operates with a 60% interest (also inherited through Edison E&P).
In addition, the company participates in the adjacent 84F.R-EL block offshore Italy, pending an award.
01/07/2021
