Energean is the Operator and has a 75% W.I.in block 2, at the Ionian Sea, Greece. Hellenic Petroleum owns the remaining 25% Working Interest.
Work to date on the licence has identified that Block 2 contains part of a large, potential target comprising of a four-way closure at the Top Jurassic Apulia platform. The prospect is thought to be an analogue to the Vega field offshore Italy, in which Energean operates with a 60% working interest. The structure is covered by sparse 2D seismic which could be de-risked through the seismic programme that will be acquired as part of the minimum work programme.
Energean participates in the adjacent 84F.R-EL block offshore Italy, pending award.