Reserves and Resources
Energean started operating with just 2 mmboe 2P reserves in Greece. Now, Energean has 50 million barrels of oil and 6 BCF of gas 2P reserves as well as 2.4 Tcf of gas and 55.8 million barrels of oil 2C resources across four Eastern Mediterranean countries with significant upside potential.
Energean's Reserves and resources
70% WI in Karish and Tanin. Figures for 2008 - 2010, 2012 and 2013 based on company estimates.
Energean Israel (the company which owns 100% of the Karish and Tanin Fields and in which Energean owns 70%), has 2.4 TCF of natural gas (2C resources) and 32.8 million barrels of light oil (2C resources), according to a CPR from the independent auditor NSAI, completed in June 2017.
Energean has been consistently increasing oil reserves and resources in the Gulf of Kavala. Developed and undeveloped 2P reserves are now estimated to be 50 million barrels of oil and 6 BCF, while contingent oil resources (2C) are estimated at 22.9 million barrels of oil and 5.3 BCF of gas, according to NSAI's CPR.
The Katakolo offshore block, which entered the exploitation phase in December 2016, has 10.5 mmbls oil 2P reserves, according to NSAI's CPR.