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Repsol farms in to Greek Ioannina and Aitoloakarnania blocks

Energean Oil & Gas has agreed to farm out a 60% interest in its Ioannina and Aitoloakarnania blocks, onshore Western Greece, to Repsol. Repsol will also become the operator for both blocks.

 Repsol plans to acquire a 2D seismic survey over the Ioannina block in 2017/2018, and to conduct an FTG (full tensor gravity gradiometry) and 2D seismic survey over the Aitoloakarnania block in 2018/2019.

 Located onshore Western Greece, the blocks form part of the Hellinide fold belt, which hosts the prolific Ionian Basin and Apulian platform and are on trend with recent large discoveries made in Albania. In total over 10bn barrels of oil and 30tn cf of gas have been discovered throughout this region, primarily in Albania, Italy and Croatia.

News Item details


Journal title: Petroleum Review

Subjects: Oil and gas, Exploration and production

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