Status of Existing and Possible New Production in Greece

Stefanos Xenopoulos and Nicolas Roussos
Hellenic Petroleum S.A, 15124 Maroussi, Greece

In this paper a brief outline will be given on oil and gas producing activities in Greece as well as on possible new production candidates.
Hydrocarbon production in Greece takes place only in the North Aegean Sea, offshore Kavala from three fields, two producing oil and one producing natural gas. Two of these three fields, Prinos and South Kavala started production in 1981 and the third one, Prinos North, in 1996. In total around 120 million BOE have been produced in the area. Exploration/delineation work in the same area has resulted in a fourth discovery which has not yet been developed. There are other exploration wells in the Kavala Gulf which have produced oil in DST's, but more exploration is needed before these cases could be considered for development.
Exploration work in other regions in Greece has resulted in two oil and gas discoveries. They have both been discovered in the 80's and are the result of exploration campaigns of Hellenic Petroleum SA. In West Katakolon discovery, oil and gas have been produced from two wells respectively drilled off West Peloponnesus in the Ionian Sea very close to shore. In the onshore Epanomi gas discovery, close to Thessaloniki in Northern Greece, natural gas has been produced from two wells. Despite the positive results in these areas as far as flow rates were concerned, there are no firm plans yet to develop those two discoveries.

AAPG Search and Discovery Article #90072 © 2007 AAPG and AAPG European Region Conference, Athens, Greece