Major oil companies bid for oil and gas blocks off Greece

After the Greek Ministry of Environment & Energy released a Call for Tenders regarding the exploration and exploitation of hydrocarbons Offshore West Crete and Southwest Crete, a consortium of Total, ExxonMobil and Hellenic Petroleum, submitted  offers for these two lease block areas.

Moreover, in the context of another Call for Tenders, by the Greek Ministry of Environment & Energy, for the exploration and exploitation of hydrocarbons Offshore Western Greece (Ionian Block), a consortium of Repsol and Hellenic Petroleum submitted offers for this lease block area.

The last years Hellenic Petroleum has secured upstream rights in specific areas in W. Greece: Patraikos Gulf (HELPE 50% operator, Edison 50%), block 2 (Total 50% operator, HELPE 25% and Edison 25%), Arta – Preveza and NW Peloponnese while they are negotiating the Lease Agreements of the blocks 1 and 10.

CEO of HELPE Mr. G. Stergioulis stated:

Continuing our successful participation in international tenders in W. Greece, and taking into consideration the recent, positive research conducted in the Patraikos area, we submitted three new offers for the offshore blocks in the Ionian Sea and in the Southwest of Crete, thus manifesting Helpe Group’s international prestige.

Source: www.safety4sea.com