Energean launches airborne survey work in Ioannina area

Energean Oil & Gas today launched airborne gravity gradiometry work to survey the hydrocarbons potential of an onshore license in the Ioannina area, northwest Greece.

This type of technology, offering high-definition results of land surveys, has never before been applied in Greece. The company plans to follow up with 2D surveys next year for more specific data on the area’s hydrocarbons potential.

A specially equipped airplane belonging to Canadian company CGG is being employed for the airborne survey work, to cover flights totalling approximately 10,000 kilometers.

The airplane will be conducting flights at different altitudes, according to instructions issued by local aviation authorities. It will fly at 300 feet over uninhabited areas or remote areas with little construction, 500 feet over inhabited areas, and 1,500 feet over the densely populated cities Ioannina and Igoumenitsa.

“Following the completion of 3D seismic surveys at the Prinos Oil Field [northeast Greece], the first to be conducted in the Aegean Sea since 1997, Energean Oil & Gas is now moving on to a new stage in its research program in Ioannina,” commented Mathios Rigas, Chairman and CEO of Energean Oil & Gas. “At the same time, the research program in Katakolo [west Peloponnese] is currently being developed according to plan. During a particularly difficult period for enterprise and the country in general, our company remains dedicated to research activity and the major objective of developing domestic hydrocarbons potential, which will benefit the Greek economy, local communities, and employment, always with utter respect for the law and environment.”

Energean’s airborne gravity gradiometry work in the Ioannina area, part of a wider seven-year research program being carrried out by the company following Greek state approval, will take about four weeks to complete.