A new situation for research are being formed hydrocarbon In new marine areas in Peloponnese and Crete, after the announcement of contest and the publication of the invitation on June 12th.
The invitation of the competition concerns the research on hydrocarbons in 4 marine areas: south of Crete 1, south of Crete 2, south of the Peloponnese for which the American Chevron and the “plot” of A2 was interesting last January.
According to the legislation following the expression of interest, a tender is followed by the selection of the most appropriate contractor, with technical and financial criteria.
HELLENIQ CEO, Andreas Siamisireported yesterday (19.6.2025) at the shareholders’ general meeting that he is looking for partners to participate in competitions for some or all available areas. He added that in addition to technical experience, investigations at high sea depths, such as the Greek case, require significant $ 60-100 million capital for each drilling. Therefore, the risk is great for the company to take over.
In addition, as is well known, Helleniq is involved with 30 % in the research consortium with ExxonMobil, which explores the areas west and southwest of Crete for which there are also developments: yesterday it became known that for the area southwest of Crete, which is considered more interesting, it is not excluded that new seismic surveys are not excluded or not. (Decision) is now placed in 2026. The consortium is already in the evaluation phase of the seismic data collected during the first phase of the investigations, which appear to have to “thicken” to determine the potential targets.