Energean Signs US$180m RBL Facility

The expansion of the existing facility agreement will support the Company’s development programme in respect of 41 mmboe (39.5mmbbls oil/6bcf gas) 2P reserves and 23.8 mmboe (22.9mmbbls oil /5.3bcf gas) 2C resources in the Prinos, Prinos North and Epsilon operating oil fields, located offshore Greece (Prinos Basin). The financing will principally fund the ongoing development of the Epsilon oil field with GSP Offshore S.R.L, the appointed EPCIC contractor,as part of the ongoing Prinos development programme that includes the drilling of up to 25 additional wells and construction of two additional well platforms by 2021 to materially increase production. Source / More: Energean Oil & Gas oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>