Chevron interested in oil and gas exploration offshore Greece
Jan. 20, 2025
Chevron has submitted a non-binding expression of interest for one open block to Greece's Hellenic Hydrocarbons and Energy Resources Management Co. (HEREMA).
Chevron has expressed interested in exploration from southwest of the Peloponnese peninsula to west of the island of Crete, Greece, the country's ministry of environment and energy said today, according to multiple news reports.
Chevron has submitted a non-binding expression of interest for one open block to Greece's Hellenic Hydrocarbons and Energy Resources Management Co. (HEREMA).
The government welcomed Chevron's expression of interest. A decision will be issued this week on the exact area of exploration and an international tender will be launched soon, the country's energy ministry said in a statement.
Chevron operates gas fields in Israel and has interests in Egypt and Cyprus.
"Chevron has a large and important position in the Eastern Mediterranean, a region which is very much a part of our future and a priority for us," a company spokesperson said.
With the new tender, the research area for exploration will eventually be increased by 25%, or by 11,000 sq km (4,250 sq miles), government spokesperson Pavlos Marinakis said, according to other news sources.
