Major Oil Players Eye Greece’s Offshore Hydrocarbons

Following Chevron’s formal expression of interest in Greece’s offshore hydrocarbon reserves near Crete and the Peloponnese, other energy giants are reportedly exploring participation in the country’s ongoing international tender.

Greece has launched a new licensing round for hydrocarbon exploration, currently accepting bids for the leasing of three offshore blocks: “South of the Peloponnese,” “South of Crete I,” and “South of Crete II.” The tender was triggered by Chevron’s proposal, which was officially accepted by Environment and Energy Minister Stavros Papastavrou.

Broader Industry Interest Emerges

While none have yet made formal bids, insiders say it’s possible they may soon gain access to HEREMA’s data room containing seismic data for these regions, pending an official declaration of interest.
The deadline for bid submissions is set for September 10.