Chevron and ExxonMobil Advance Crete Hydrocarbon Plans
- Greek Energy Minister Stavros Papastavrou and Chevron Country Manager Beatrice Bienvenu confirmed in New York that seismic research will begin by the end of 2026 in the Ionian Sea, South Peloponnese, and areas south of Crete.
- Chevron took a 70% stake from HELLENiQ Energy this year, forming a partnership to explore four offshore concession areas including A2, South Peloponnese, and two blocks south of Crete.
- These seismic surveys will use 2D and 3D techniques to map geology beneath the seabed, representing the first step in assessing hydrocarbon potential before any drilling decision.
- Two major American energy companies are advancing exploration in Greek waters, with ExxonMobil preparing an exploration well in the Ionian for early 2027 while Chevron proceeds with seismic surveys.
- All exploration activity must follow strict environmental and safety conditions as the project moves through geological interpretation before considering any potential drilling phase.
28 Articles
28 Articles
Greece says Chevron to start seismic research by year-end
Oil major Chevron will begin seismic research in blocks off Greece this year, the Greek energy ministry said on Wednesday. Chevron Country Manager Beatrice Bienvenu in a meeting with Greek Energy Minister Stavros Papastavrou in New York said the research in the Ionian Sea and south of Peloponnese and Crete will start by the end […]
The need to address the instrumentalization of energy was highlighted by the Minister of Environment and Energy, Stavros Papastavrou During his participation in the Atlantic Council's high-level dinner on the topic "Powering the Future: A US-European High-Level Dialogue on Electrification", which took place last Tuesday evening in New York, Stavros Papastavrou spoke about Greece's leading role in shaping the new European energy architecture and …
Chevron's seismic surveys within 2026 – "All EU member states equal or none at COP31"
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