Greece, There will be no new tenders for hydrocarbon licenses

, SEE Energy News

Greek Prime Minister Kyriakos Mitsotakis ruled out the possibility of any new international tender for additional licenses for onshore or offshore hydrocarbon exploration.

Reignited hydrocarbon exploration activity for natural gas deposits in Greece had generated rumors that the Government would consider staging additional tenders to grant new licenses for exploration south of Crete as well as at an offshore area between the island and the Peloponnese.

Regarding the progress of surveys currently being conducted west and southwest of Crete by a consortium comprised of ExxonMobil and Helleniq Energy, PM Mitsotakis said that a clearer picture is expected towards the end of the year.

The ExxonMobil-Helleniq Energy consortium may extend the duration of its 2D seismic surveys at these blocks until the end of the first quarter to collect additional data. This could result in greater clarity and enable the consortium to skip the need for 3D surveys.

Energean and Helleniq Energy are also continuing activities regarding their licenses in the Ionian Sea. Both companies have completed seismic surveys and expect to receive results by the end of 2023. Energean holds a license for an offshore block northwest of Corfu and Helleniq Energy holds two licenses, Ionio and Kyparissiakos (Gulf of Kyparissia).

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