Energean Oil & Gas, the international oil &
gas exploration and production company focused on the Mediterranean and North
Africa, is pleased to announce that it has completed a new 3D seismic survey
over the Prinos Oil Field and its surrounding licenses, in the Gulf of Kavala,
North Eastern Greece.
In the context of the 3D seismic survey which lasted
23 days, data from an area of 340 km2 approximately were acquired on 82 sail lines (8 streamers, 5100m long) over
the Prinos producing oil field. The coverage included a complex undershooting
operation.
The first phase of Fast Track processing has already
started and will last 6 weeks. It will be followed by a 2nd phase of
full processing which is planned to last 6 months, while the final phase of the
seismic data interpretation will last another 4 months approximately.
Through the new 3D acquisition, Energean aims to
improve the seismic imaging of the Prinos Field and the satellite oil fields
Prinos North and Epsilon, improve imaging of the prospects already identified
and identify new prospects with the objective of increasing the hydrocarbons
reserves in the Prinos Basin.
The acquisition was undertaken by Dolphin
Geophysical, a Dolphin Group ASA (OSE ticker: DOLP), subsidiary.