US EditionExxonMobil Expands Exploration Footprint Offshore Greece
- Greece signed an agreement with Energean, HelleniQ Energy, and ExxonMobil to begin offshore drilling, marking the country's first operation in 40 years.
- The deal focuses on Block 2 in the Ionian Sea, estimated to hold up to 200 billion cubic meters of natural gas.
- Greek Minister of Environment and Energy Stavros Papastavrou described the signing as a historic agreement that could enhance Greece's energy independence.
- Secretary of Energy Chris Wright represented the U.S. at the ceremony and discussed energy security, emphasizing a collaborative effort for energy abundance.
41 Articles
41 Articles
"Greece is writing a new chapter in its energy history," he said, commenting on the signing of the agreement for Block 2 in the NW Ionian Sea, during his intervention in the Plenary Session of the Parliament on the tax bill.
"Historic Deal" Between Energean, HelleniQ Energy, and ExxonMobil for Offshore Drilling in Greece
US and Greek officials at the signing ceremony of the drilling agreement. Credit: AMNA Greece is set to launch its first offshore drilling operation in four decades, following a landmark agreement signed in Athens on Thursday between Energean, HelleniQ Energy, and US energy giant ExxonMobil. The deal, formalized during the sixth meeting of the Partnership for Transatlantic Energy Cooperation (P-TEC) at Zappeion Hall. The agreement focuses on Blo…
ExxonMobil Expands Exploration Footprint Offshore Greece
ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea. ExxonMobil, Energean, and Helleniq Energy have reached a farm-in agreement under which the U.S. supermajor will buy 60% in the Block 2 concession in the northwestern Ionian Sea, next to the Italian Exclusive Economic Zone (EEZ), Energean said on Thursday. With Exxon farming-in in the block, Energean’s s…
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