The Prinos oil field is an oil field located in the northern

Aegean Sea The Aegean Sea ; tr, Ege Denizi (Greek: Αιγαίο Πέλαγος: "Egéo Pélagos", Turkish: "Ege Denizi" or "Adalar Denizi") is an elongated embayment of the Mediterranean Sea between Europe and Asia. It is located between the Balkans ...

, between the island of

Thasos Thasos or Thassos ( el, Θάσος, ''Thásos'') is a Greek island in the North Aegean Sea. It is the northernmost major Greek island, and 12th largest by area. The island has an area of and a population of about 13,000. It forms a separate r ...

and city of

Kavala Kavala ( el, Καβάλα, ''Kavála'' ) is a city in northern Greece, the principal seaport of eastern Macedonia (Greece), Macedonia and the capital of Kavala (regional unit), Kavala regional unit. It is situated on the Bay of Kavala, across ...

on the mainland. It was discovered in 1971 by the Oceanic Exploration company of Denver. The field was developed by

Energean Oil & Gas Energean plc is an international hydrocarbon exploration and production company, with a focus on natural gas. It is listed on the London Stock Exchange as well as the Tel Aviv Stock Exchange and is a constituent of the FTSE 250 Index. History T ...

. It began production in 1974. It was named after the village of Prinos on Thasos, the nearest inhabited place. The total

proven reserves Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasona ...

of the Prinos oil field were estimated at 90 million barrels (12×10⁶tonnes), and production is centered on . However, by 2020 it has delivered some 120 million barrels of crude, exceeding the original estimate. The output of the field was loss-making for the company and in 2020, the

asked for the government support. Kavala-oil

References

Oil fields in Greece {{Greece-geo-stub

See also

References