GSP awarded an integrated services contract from Energean
GSP has been awarded an EPCI and drilling contract from Energean Oil and Gas, Greece. In order to increase production from the Prinos concession area, Energean Oil & Gas has initiated the Epsilon field development project, which comprises an unmanned wellhead platform and three inter-connecting pipelines to the existing Prinos Delta Platform, the company said in its press release.
The scope of work includes the drilling of 3 wells at Lamda Platform location (Aegean Sea), using GSP Jupiter jack-up rig, as well as the Project Management, Construction, Transportation & Installation Engineering, Procurement, Construction, Installation, Pre-commissioning, Assistance in the Commissioning and Start-up of the Lamda platform and inter-connecting pipelines.
Energean has recently signed with BP the extension of the long-term off-take agreement for the Prinos field to November 2025. Earlier in February, Energean announced the signing of a reserves-based senior facility agreement, amounting to US$180 million, with the European Bank for Reconstruction and Development (“EBRD”), the Black Sea Trade and Development Bank, EximBank Romania and Intesa Sanpaolo Bank.