Prinos
The Prinos D production platform with the Penrod 58 jackup rig on location for workover in 1982
CountryGreece
RegionAegean Sea
Offshore/onshoreoffshore
OperatorEnergean Oil & Gas
Field history
Discovery1971
Start of development1971
Start of production1975
Production
Current production of oil1,900 barrels per day (~95,000 t/a)
Estimated oil in place12 million tonnes
(~ 10×10^6 m3 or 90 million bbl)

The Prinos oil field is an oil field located in the northern Aegean Sea, between the island of Thasos and city of Kavala on the mainland. It was discovered in 1971 by the Oceanic Exploration company of Denver.[1][2] The field was developed by Energean Oil & Gas. It began production in 1974.[3] It was named after the village of Prinos on Thasos, the nearest inhabited place.

The total proven reserves of the Prinos oil field were estimated at 90 million barrels (12×106tonnes), and production is centered on 1,900 barrels per day (300 m3/d).[4] However, by 2020 it has delivered some 120 million barrels of crude, exceeding the original estimate.[5]

The output of the field was loss-making for the company and in 2020, the Energean Oil & Gas asked for the government support.[6]

Prinos oil field

See also

References

  1. ^ Greece Mineral, Mining Sector Investment and Business Guide. Vol. 1. International Business Publications. 2016. p. 71. ISBN 9781433020582.
  2. ^ "Briefs on Energy". The New York Times. February 15, 1974. Retrieved September 17, 2020.
  3. ^ "Briefs on Energy". The New York Times. February 15, 1974. Retrieved September 17, 2020.
  4. ^ "Prinos oil field". datapages.com. 2010. Retrieved 2011-01-03.
  5. ^ Costis Stambolis (March 16, 2020). "Lack of state support hinders Greece's oil exploration". Financial Mirror. Retrieved September 17, 2020.
  6. ^ Chryssa Liaggou (May 31, 2020). "Lufthansa model for Prinos oil". Kathimerini. Retrieved September 17, 2020.

40°48′N 24°29′E / 40.80°N 24.49°E / 40.80; 24.49


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