Investors who have leased maritime blocks off western Greece and Crete to search for hydrocarbons have completed initial surveys and will decide whether or not to continue their research programs, including the potential of exploratory drilling, in 2024.
The first round of subsurface mapping covering a total of 12,583 square kilometers wrapped up this year and cost 53 million euros. The oil companies that conducted them are now analyzing the data to evaluate the content and quality of what appear to be natural gas deposits.
The Hellenic Hydrocarbons and Energy Resources Management, scientists and executives from the companies involved have said that results are encouraging, with potential deposits possibly large enough to eventually export to Europe.
The Greece-based refinery and petrochemical concern HELLNiQENERGY is involved in all seven of the seismic surveys, but in some cases is operating in partnership with other companies. The locations where seismic surveys have taken or will take place are in the Ionian Sea, the Gulf of Kyparissia, northwest of the Ionian island of Corfu, and sea regions southwest and west of the large island of Crete.
The surveys off northwest Corfu are being conducted together with Energean while the research off west and southwest Crete is run with ExxonMobil.
In October the CEO of ATHEX-listed HELLiQENERGY, Andreas Shiamishis, explained that upon processing the data it may be found that 3D seismic surveys are required off the coast of Crete. If this is the case, then they will delay a decision for this area until 2025 and exploratory drilling will be delayed until 2026.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.
Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.
Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)
Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy
EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.
Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-600x450.jpg)
