The Greek state signed the lease agreement of 4 offshore blocks south of the Peloponnese and south of Crete, with the consortium of the companies Chevron–Helleniq Energy, for the granting of exclusive rights of research and exploitation of hydrocarbons.
The seismic surveys will start toward the end of 2026 and the research vessel that Chevron will charter will cover an area of approximately 47,000 square kilometers.
The first phase of the two-dimensional seismic surveys will cost the companies €20 million, the second phase of the three-dimensional data will cost €24 million and for the third, of the exploratory drilling, an investment of the order of €100 million is foreseen.
If the existence of a deposit of 280 billion m³ of natural gas south of Crete is confirmed, this will be able to cover domestic consumption for 50 years.
“The country is making a leap in the Energy sector,” Kyriakos Mitsotakis pointed out among others during the signing of the four agreements, while at the same time he expressed the satisfaction of the government “that it has with it, both Chevron and Hellenic Energy, our national energy champion, as partners.”
He also added that “from the first day we changed this situation. We proceeded immediately to the ratification of agreements that had been signed in the past but had not progressed. We carried out extensive seismic surveys – more within one year than had been done in the previous decade – so as to map better the prospects that we have,” he continued.
Sources: News 247, Καθημερινή
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