Minister of Environment and Energy Stavros Papastavrou has signed the official
Minister of Environment and Energy Stavros Papastavrou has signed the official decisions marking the commencement of a new chapter in Greece’s hydrocarbon exploration activities. Following his approval, the consortium comprising Chevron and Helleniq Energy has been formally declared the successful bidder in the international tender launched last April by the Hellenic Hydrocarbon and Energy Resources Management Company (HEREMA).
The tender concerned the concession of four offshore blocks for exploration aimed at locating potential hydrocarbon reserves.
Chevron Leads the Consortium
According to reports, the HEREMA evaluation committee completed its assessment and negotiations with the operator of the consortium, U.S. energy giant Chevron. The committee recommended that Minister Papastavrou award the tender to the partnership “Chevron Greece Holdings – Helleniq Upstream.”
Chevron was the sole bidder in the competition, expressing interest in early 2025 for the offshore areas “South of the Peloponnese,” “A2,” “South of Crete I,” and “South of Crete II.”
Next Steps Toward Final Contracts
The next phase involves finalizing the four concession agreements between the Greek state and Chevron. These will
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
