U.S. Energy Giant Chevron Advances Seismic Surveys in Greek Concession Areas
What happened
U.S. energy giant Chevron is moving forward with planning seismic surveys in blocks located in the Ionian Sea, Southern Peloponnese, and Southern Crete. These surveys, which precede any drilling, are expected to commence this December. The timetable was confirmed during talks between Chevron’s head for Greece, Beatrice Bienvenu, and Minister of Environment and Energy Stavros Papastavrou, during the UN General Assembly.
From sofokleous10.gr
Why it matters
The Greek government stated that it is working to mature the hydrocarbon market in Greece while simultaneously strengthening the confidence of international investors. The company's activity signals continued interest in the country's energy sector.
Exploration leases granted by the Greek government allow companies to seek stakes in Helleniq Energy's concession.
From sofokleous10.gr
Who's involved
- GreeceSovereign country hosting the energy exploration and confirming the market maturity.
- Stavros PapastavrouGreek Minister who discussed and confirmed the timetable for the seismic surveys.
- ExxonMobilAmerican multinational oil and gas corporation interested in the Greek energy sector.
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The entities involved
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Greece
country in Southeast Europe
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