1/7/2016
ATHENS, Greece -- Energean Oil & Gas has completed the drilling of well PA-35A in Prinos, which was brought on-stream on Dec. 27. The well was drilled with the Energean Force, the newly acquired tender assisted drilling barge owned and operated by Energean.
PA-35A was the first of fifteen development wells planned by Energean to be drilled in Greece to develop the 30 MMbbl of 2P reserves in Prinos, Epsilon and Prinos North oil fields in the Gulf of Kavala. The completion of well PA-35A has added over 1,500 bopd to the production of Energean, which is well above the expected 2P scenario rates.
Energean’s exit production rate for 2015 reached 3,000 bopd in Prinos, a 60% increase from 2014. The drilling program continues with well PA-40, the second infill well in Prinos oil field.
