US EditionGreece Signs Landmark Drilling Agreement for Ionian Sea Hydrocarbons
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Greece Signs Landmark Drilling Agreement for Ionian Sea Hydrocarbons
Officials sign the agreement for natural gas exploration in the Ionian Sea. Credit: AMNA A major milestone for Greece’s energy sector was reached today at the Ministry of Environment and Energy, with the signing of the contract for exploratory drilling in Block 2 of the Northwest Ionian Sea. Scheduled for February 2027, this will mark Greece’s first offshore exploratory drilling in over forty years. Possible economic impact of drilling in the Io…
The goal is to start the drilling program in February 2027 - Potential revenues for the Greek State from the commercial exploitation of block 2 in the Ionian Sea over a 20-year period are expected to reach 10 billion euros.
Greece to drill first deepwater offshore well in Ionian Sea
Greece is set to undertake its first deepwater offshore drilling operation after Energean awarded a contract to Stena Drilling for an exploration campaign in the Ionian Sea. The project will use the Stena DrillMAX to drill one firm well in Block 2, located in the northwestern Ionian Sea, with operations expected to begin in early 2027. The campaign will incorporate managed pressure drilling technology to improve well control and efficiency in de…
In February 2027 in the Ionian Sea • The deposit can yield up to 270 billion cubic meters of natural gas The post In Thursday's "NEWS": What will the first drillship bring appeared first on in.gr.
The US energy giant ExxonMobil will perform in 2027, in cooperation with two Greek energy companies and a Swedish, an exploratory drilling of natural gas deposits in Greece, the first offshore drilling to be carried out in the country in four decades. The consortium of ExxonMobil and the Greek companies HelleniQ Energy and Energean signed in Athens a contract with the Scandinavian Stena Drilling. The Greek Energy Minister, Stavros Papastavrou, c…
ExxonMobil, Energean and Helleniq to sign drilling deal
US oil behemoth ExxonMobil, Energean and Greece’s biggest oil refiner Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, the Energy Ministry said on Tuesday.
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