Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30% since January, as the debt-ridden country seeks to tap into its limited oil reserves.
Energean Oil & Gas, an exploration and production company focused on the Mediterranean and North Africa, has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt, reported Oil & Gas Financial Journal.
Energean Oil & Gas announces that its subsidiary Aegean Energy Egypt Limited commences the 2nd Exploration Phase of West Kom Ombo Block Concession License ending September 2014..
Energean provided an update on the drilling of the WKO-3X in the West Kom Ombo Block covering a total area of 31,520 km2 and located in Upper Egypt. The WKO-3X was spud.