Greece: Katakolo oil reserves are three times larger than initial estimations

21 December 2017
1161 Views

Εnergean Oil & Gas announced that the oil reserves at Katakolo are three times larger than what was initially thought they were.

The Greek oil company stated that the confirmed resources are 10,7 million barrels of crude oil instead of 3 million barrels the company had estimated.

The new confirmed data come from an independent specialized evaluation company.

This along with the investments at Ioannina, Aitoloakarnania and Prinos as well as Israel and Montenegro gives Εnergean Oil & Gas very positive prospects for 2018.

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