Chevron to begin seismic research off Greece by year-end
Chevron plans to begin seismic research in offshore blocks in the Ionian Sea and south of the Peloponnese and Crete by the end of the year.
Athens, Greece. Chevron will begin seismic research in offshore blocks in the Ionian Sea and south of the Peloponnese and Crete by the end of the year, Greece’s energy ministry said on Wednesday.
Exploration plans
Chevron Country Manager Beatrice Bienvenu discussed the planned research with Greek Energy Minister Stavros Papastavrou during a meeting in New York, according to the ministry.
Chevron did not immediately respond to a request for comment.
Offshore blocks
Chevron this year acquired a 70 per cent stake from Helleniq Energy in an offshore block southwest of the Ionian Sea.
A Chevron-led consortium also holds exclusive lease agreements to lead gas exploration in three other deep-sea blocks off the Peloponnese and Crete.
Next steps
Seismic exploration is the first stage in assessing hydrocarbon potential before any decision on test drilling can be made.
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