The quantities of oil at
Katakolo, western Peloponnese, are four times larger than initially estimated, Energean
sources revealed on Thursday.
Proven reserves amount to
10.7 million barrels, instead of the estimated three million barrels expected
during the period of the tender.
Energean, which has assumed
the management of the reserves, is planning to begin drilling in 2019.
Meanwhile, the environment
and energy ministry approved the plan for the development of the field in
August, while the environmental study has already been submitted for approval.
In Greece, the company also
operates in Prinos; where proven reserves are 40 million barrels plus a 20
million additional potential, as well as in the areas of Ioannina and
Aetolia-Acarnania (Aitoloakarnania), where the exploratory drilling has already
started.
The Spanish company Repsol;
which has a 60 pct share in the exploratory drilling, has launched a seismic
study in Ioannina, while a contract for Aetolia-Acarnania is expected to be
ratified by Parliament, after which the 60 pct transfer agreement and Repsol’s
role as operator, will be activated.
Source: ANA-MPA/ http://greece.greekreporter.com