The drilling will be done in the Prinos block, about eight kilometers off the northwest side of the Thasos Island. Prinos is Greece’s only geological area where oil and gas are drilled and the first discovery dates back to 1973.
GSP will do the drilling via its Fortuna offshore rig with a crew of 51, more than 90% of whom Romanians, the company said.
The contract was signed in June for four wells, the first of which has already been drilled, said Pavlos Afendras, senior drilling engineer and project manager with Energean Oil&Gas.
“The contract duration is 120 days,” he added.
Grup Servicii Petroliere has budgeted more than 1.3 billion lei (EUR290 million) revenue for 2013, about 70% higher than last year. (EUR1=RON4.4694)
(English version by Loredana Fratila-Cristescu)