Energean Oil & Gas doubles its production in Prinos | protothemanews.com

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Energean Oil & Gas doubles its production in Prinos

Author: newsroom | Published: January 7, 2016

About 1,500 barrels of oil are given to the daily production totaling around 3,000 barrels per day

Energean Oil & Gas stated that oil production in the Prinos oilfield doubled after completing the first from a total of 15 drillings scheduled for the period 2015-2017 in Kavala Bay.

About 1,500 barrels of oil are given to the daily production totaling around 3,000 barrels per day and recording an increase of 60% comparing to last year.

Energean Oil & Gas said that verified oil reserves in Kavala Bay amounted to 30 million barrels planning to exploit them through a 200-million-US dollar investment program which is currently underway.

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