History

Energean operates assets that have been producing oil & gas since 1981. Since 2007, having acquired the Prinos Licenses, we have been creating our own history in the Eastern Mediterranean E&P sector.


2017

  • Energean signs agreements to supply natural gas from Karish and Tanin to Dalia and Or Power Energies
  • Repsol farms-in to Energean’s Ioannina and Aitoloakarnania Blocks, onshore Western Greece
  • Energean signs Concession Contract for two offshore blocks, Montenegro
  • Kerogen Capital invests in Energean Israel
  • Energean appoints TechnipFMC for Karish & Tanin FPSO, offshore Israel

2016

  • Energean acquires 100% interest in Karish & Tanin fields, offshore Israel, from Delek Drilling and Avner
  • Energean secures exploitation license for West Katakolon offshore block in Western Greece
  • EBRD supports Energean’ s exploration projects with US$20 million loan and provides US$75m Reserve Based financing for Energean’s US$200m investment programme in Greece

2015

  • Energean completes first FTG survey ever to be conducted in Greece, over Ioannina onshore block.
  • Energean completes 3D seismic survey in the Prinos Oil Field
  • Energean commences new investment programme in Eygpt

2014

  • Six year offtake agreement signed between BP and Energean Oil & Gas for the entire oil production from Prinos
  • Greek Parliament ratifies Licence Agreements for Ioannina and Katakolon blocks, Western Greece.
  • Energean purchases new rig, Energean Force, and begins US$225 million investment programme in Kavala, North-West Greece
  • Energean announces 10 per cent increase in recoverable oil reserves at Gulf of Kavala

2013

  • Third Point invests $60 million in Energean Oil & Gas as equity supporter
  • Greek Parliament ratifies a 25-year extension of the Prinos Licenses.

2012

  • Energean Oil & Gas participates in the Greek Open Door Invitation, targeting specifically the areas of Ioannina and Katakolo.

2011

  • Energean commences 3-year exploration period in West Kom Ombo concession, Egypt
  • Energean completes well PA-35 at Prinos

2010

  • Aegean Energy S.A. sucessfully completes well EA-H1 on Epsilon Field
  • Aegean Energy S.A. completes farm-in Agreement with Groundstar Resources Egypt, for the West Kom Ombo Block, Upper Egypt
  • Aegean Energy S.A. initiates new drilling operation to increase production from Prinos
  • Aegean Energy S.A. changes its name to Energean Oil & Gas

2009

  • Aegean Energy S.A. successfully completes the drilling of PNA-H1 well in the Prinos North Field
  • Jack-Up rig Energy Exerter arrives in Kavala.
  • Aegean Energy S.A. commences second phase of drilling operations in the Epsilon field

2008

  • Aegean Energy S.A. achieves extension of the concession licence for the Prinos oil field area
  • Aegean Energy S.A. initiates new drilling and development plan for Prinos North and Epsilon structures, Greece

2007

  • Aegean Energy S.A. announces the purchase of 100 per cent Eurotech’s shares, majority shareholder of Kavala Oil S.A

Before Energean

 

2002

July
  • The Epsilon reservoir is confirmed with exploration well Epsilon-1A.

1999

November 1999
  • Ratification of the Agreement 2779/99 between the Greek State and Kavala Oil S.A
May 1999
  • The N.A.P.C. consortium withdraws from Prinos

1994

  • Prinos North reservoir is discovered with an exploration well drilled 3 km north of Prinos platforms.

1981

1/7/1981
  • Start of Prinos oil production facilities.
24/5/1981
  • Start of South Kavala gas production.

1974

1/2/1974
  • Exploration well Prinos-1 discovers the Prinos reservoir