The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06 - Extraction of crude petroleum and natural gas
150 jobs Number of planned job creations
Announcement Date
4 June 2008
Employment effect (start)
4 June 2008
Foreseen end date
30 June 2010
Description
KAVALA OIL S.A, the only hydrocarbon producing company in Greece - that is the only company that produces “crude oil” and “natural gas” – is creating 150 job positions, as part of the company’s new investment plan, which consists in investing 225 million dollars for a period of 2 years for 14 new drillings for the localization of hydrocarbons, a new pumping platform, as well as other installations and equipment.
Sources
4 June 2008: Kathimerini
Citation
Eurofound (2008), Kavala Oil S.A., Business expansion in Greece, factsheet number 66708, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66708.
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