Hellenic Petroleum bags exploration block offshore Greece

Oil company Hellenic Petroleum has been awarded Block 10, in the Kyparissiakos Gulf off Greece, for exploration and exploitation of hydrocarbons. 

The Greek Ministry of Environment & Energy declared the oil company as the selected applicant for the offshore Block 10 on Tuesday, December 6 as part of the second international round.

The company noted that this declaration as the “selected applicant” follows the other two recently announced declarations for the onshore blocks of Arta – Preveza and NW Peloponnese as well as the offshore Block 2, west of Corfu, in a joint venture with the French oil company Total as the operator, and Edison.

The ministry added the company will be called to finalize the draft agreement in the following days.

Hellenic CEO, Grigoris Stergioulis, stated: “For Hellenic Petroleum, which has a long-term experience in the upstream sector in Greece and employs high-quality, specialized and experienced scientific and technical resources, active participation in hydrocarbon exploration & production in Greece is a natural choice.

“Following the ratification of the lease agreement by the Parliament, we are ready to immediately start exploration activities to discover the subsurface oil potential of Kyparissiakos Gulf, applying the most up-to-date, safe and environmentally friendly technological methods, showing the utmost respect for local communities and their current activities.”

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply