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Chevron Files to Take 70% Stake in Greek Offshore Block

Summary by Oil Price
Chevron has filed a request to buy 70% in an oil and gas exploration block offshore southwest Greece in what would be another step in the U.S. supermajor’s expansion in the Eastern Mediterranean. Chevron wants to buy 70% in an exploration block, whose concession rights are currently 100% owned by Helleniq Energy, the Greek Energy Ministry said on Thursday. The U.S. energy giant and Helleniq Energy are partners in several other offshore explorati…

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"Greece is constantly strengthening its position on the energy map of the Eastern Mediterranean," Energy Minister Stavros Papastavrou said in a statement.

After ExxonMobil, Chevron sees exploitable hydrocarbon deposits in the Ionian Sea - When will it decide to drill in Block 10? The post Hydrocarbons: When does Chevron see drilling in the Ionian Sea appeared first on in.gr.

·Greece
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A new chapter opens for hydrocarbon exploration in Greece with Chevron’s entry into the concession of offshore block 10, a 2,700 km offshore area off the Gulf of Kyparissia in the Southern Ionian Sea. The American energy giant, in collaboration with HELLENiQ ENERGY, submitted an official request to participate in the exploration, signaling the shift of interest of major oil companies towards the Ionian Sea, both in its northern and southern part…

The Ministry of Environment and Energy announced today that the American oil giant Chevron, together with the company HELLENiQ ENERGY, submitted an official request for Chevron's participation in the AREA 10 concession (Block 10), which is located off the coast of the Kyparissia Gulf, in the maritime area of the Southern Ionian Sea, for the start of environmentally destructive hydrocarbon exploration. In parallel, the companies also submitted a …

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Protothema broke the news on Thursday, May 28, 2026.
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