Repsol agrees to farm-in to Ioannina and Aitoloakarnania concessions
Energean signs concession agreement for E&P in two offshore blocks with the State of Montenegro
Prinos well PA 38 comes on stream
Kerogen Capital agrees to invest in Enrgean Israel
Energean secures a 25-year exploitation license for the West Katakolo offshore field
Prinos well PA -41 comes on stream
Energean Israel buys from Delek Drilling and Avner the natural gas fields Karish and Tanin, offshore Israel
Prinos well PA-36 comes on stream
EBRD and Energean sign a US$ 75 million Reserve Based financing to support the ongoing investment plan
Prinos well PA-40 comes on stream
PA-35A, the first well drilled in the context of the 2015-2017 drilling programme comes on stream
Energean completes the first Airborne Gravity Gradiometry survey ever to be conducted in Greece (Ioannina onshore block)
Energean completes the first 3D seismic survey ever to be conducted in the Aegean Sea (Prinos Basin) since 1997
Energean inaugurates the rig “Energean Force” in the Perama Shipyards
Energean submitted two bids for oil & gas exploration and exploitation for the blocks Aitoloakarnania and Arta/Preveza in W. Greece
The Greek Parliament ratifies the License Agreements with Energean regarding Ioannina and Katakolon blocks
Energean purchases the tender assist drilling rig “Glen Esk” from KCA Deutag which will be renamed to “Energean Force” and implement the new drilling program in Prinos.
Energean Oil & Gas signs two license agreements with the Greek Government for hydrocarbons exploration and exploitation in the Ioannina and Katakolon blocks.
The company announces a record breaking safety performance in 2013 at Energean’ s facilities in Kavala, with no minor or major accidents occurring at eitherthe onshore facilities or on the offshore production platforms.
Energean Oil & Gas signs a 6-year offtake agreement with BP for the entire oil production from the fields in the Kavala Gulf.
Oil production from Prinos increases 850 bbls a day to 2300 bbls a day in total, including Prinos North, following the successful implementation of infill wellPB-34.
Third Point invests $100 million in Energean Oil & Gas.
Commencement of New Drilling Operation with GSP Fortuna.Energean Oil & Gas selected as preferred bidder for the Ioannina Block, onshore Greece.
The Greek Parliament ratifies a 25-year extension of the Prinos Licenses.
Drilling of EM-1 in the East Magawish, offshore in the southern part of the Gulf of Suez.Participation in the Greek Open Door Invitation for three explorationareas in Western Greece (Ioannina, Patraikos Gulf & Katakolo)
3-year exploration period extension for West Komombo Concession.
Drilling of WKO-3X in the West Komombo Field Concession.
Successful completion testing & placement on production of PA-35 infill well.
Drilling of WKO-1X in the West Komombo Field Concession.
Farm in Agreement with Groundstar Resources Egypt, for a 70% working interest and operatorship of the West Kom Ombo Block, Upper Egypt.
Successful completion of EA-H1 well in the Epsilon Field, reaching 5300m MD.Aegean Energy acquires 100% of the Concession Rights for the East Magawish Block inthe Gulf of Suez, Egypt.
Jack-Up Rig Ensco-85 starts drilling operations of ERD well EA-H1 in the Epsilon Field.
Aegean Energy announces successful completion of well PNA-H3 in Prinos North field.Initial daily production rate of 2000 bbls/day.Energy Exerter Rig departs from Kavala.
Jack-Up Rig Energy Exerter arrived in Kavala.
Drilling operations for the well PNA-H3 in Prinos North commences.
Aegean Energy signed agreement with Northern Offshore Ltd for the Jack-Up Energy Exerter.
Extension of Development License from the Greek Ministry of Development.Aegean Energy initiates a new development plan for Prinos North and Epsilon fields.
Aegean Energy acquires Eurotech shares from Regal Petroleum and takes control of 66.6% Kavala Oil common shares and 95% of Kavala Oil Preference Shares.
The management of the Company is passed over to the employees.
A second affirmative exploration well (KALLIRAHI-2) in Kallirahi showed a non-commercial discovery.
Exploration well KALLIRAHI-1 was drilled in Kallirahi area with no commercial viable results.
The 86.11% shares of EUROTECH SERVICES in KAVALA OIL S.A. is passed over to Regal Petroleum plc. which is committed to implement a big investment anddevelopment program in the exploitation region.
The Prinos exploitation permit is extended for 5 years until June 19, 2008 due to the discovery of the commercially exploitable field EPSILON.
The EPSILON reservoir is confirmed with exploration well EPSILON-1A.
The sour crude oil reservoir EPSILON is discovered with an exploration well 4 km west of Prinos platforms.
Ratification of the Agreement 2779/99 between the Greek State and KAVALA OIL S.A. which is comprised of two companies, EUROTECH SERVICES and the ASSOCIATION OF EMPLOYEES.
The N.A.P.C. consortium withdraws its involvement, and the facilities are passed over to the Greek State which assigns the maintenanceand the security to Eurotech Services S.A.
Production of oil and gas is interrupted due to the gradual drop of oil production rates and prices, which made the operation not economical.
The Prinos North reservoir is developed with a horizontal well from the Alpha platform. Production begins covering about 20% of total production.
Prinos North reservoir is discovered with an exploration well drilled 3 km north of Prinos platforms.
P.P.C. (Public Petroleum Corporation) becomes an equal member of the Consortium (0% in well-known areas, 15% in neighbouring areas which have been studied geologically in full, 25% in neighbouring areas which have not been explored in full).
The Prinos field produces 25000 bpd crude oil as per design.
July 1, 1981
Start-up of Prinos oil production facilities. All facilities in operation (offshore and onshore) by the end of the month.
May 24, 1981
Official inauguration of the entire Prinos / South Kavala oil and gas production facilities.
Start of South Kavala gas production.
Completed installation of submarine pipelines.
July 27, 1980
Installation of Kappa gas production platform at South Kavala.
Drilling platforms Alpha and Beta were installed at Prinos.
Delineation wells Prinos-5/5A and Prinos-6 confirmed the extent of the Prinos reservoir.
North Aegean Petroleum Co EPE was founded as operator for the Consortium’s activities in Greece.
Denison Mines took over the 68.75% interest of Oceanic.
Exploration well Ámmodhis-1 shows signs of oil. Well was abandoned.
November 1975 – April 1976
Prinos-3 and Prinos-4 wells confirmed the existence of Prinos reservoir.
Interests in the Consortium change to:
White Shield (6.25%)
March 28, 1974
Confirmation well Prinos-2 is tested with 3600 bpd oil.
February 1, 1974
Exploration well Prinos-1 discovers the Prinos reservoir with a test flow of 2950 bpd crude oil.
November 26, 1973
Wintershall A.G. takes over 12.5% of Colorado.
June 8, 1973
Exploration well Kavala-2 abandoned – no discovery.
December 31, 1972
Exploration well Kavala-1 discovered a gas/condensate reservoir.
December 6, 1971
Seismic Exploration Work
Exploration well East Thassos-1 abandoned as there was no commercial discovery.
Forming of a Consortium: Oceanic (50%), Colorado (12.5%), Hellenic (12.5%), Fundamental (12.5%), White Shield (12.5%).
Execution of the Agreement for the Exploration and Development of Liquid and Gaseous Hydrocarbons in the Sea of Thrace, between the Kingdom of Greece and Oceanic Exploration Co.