Energean: Croatia base gets all electricity from renewable sources

Oil and gas company Energean has informed that its EDINA operative base in Pula, Croatia is supplied with electricity generated 100 per cent from renewable energy sources.

The EDINA Operative Base is supplied with electricity 100 per cent generated from renewable energy sources, starting from 1 April 2021.

This follows Energean’s public commitment to roll out the use of electricity generated from renewable energy sources across its entire operated asset group.

Furthermore, this is the second Energean site to benefit from reduced Scope 2 emissions associated with this commitment, following implementation at the Prinos field in 2020.

Prinos North and Epsilon are currently the only producing fields in Greece. Prinos North and Epsilon oil fields are located in the Gulf of Kavala, 18 km south of the mainland of Northern Greece, in water depth of 30 to 38 metres.

The announcement related to EDINA follows an agreement with Hrvatska elektroprivreda, Croatia’s national energy company, to guarantee that the electricity to be supplied is 100 per cent generated from renewable energy sources, proven by Guarantees of Origin.

Energean expects a reduction in annual Scope 2 CO2 emissions of approximately 19.5 tonnes, based on last year’s electricity consumption (75 MWh)

The EDINA Operative Base hosts the control room for the unmanned platforms Izabela N and Izabela S and houses EDINA’s technical crews. EDINA is the operating company (Energean 50%, INA 50%) of the Izabela concession, offshore Croatia.

Izabela is an offshore gas asset located in the Croatian Adriatic Sea. It is a two-platform structure with five producing wells and it came on stream in 2014.

In related news, European Commission approved two Greek measures, expected to mobilise a total of €100 million (about $118 million), to support Energean in the context of the coronavirus outbreak.

The Commission noted that Energean generates most of its revenues from the sale of crude oil and has suffered severe losses due to the collapse of oil prices in the wake of the coronavirus outbreak.