Chevron declares itself proud of its positioning in Greek hydrocarbons. Gavin
Chevron declares itself proud of its positioning in Greek hydrocarbons. Gavin Lewis, Vice President New Ventures at Chevron, speaking during the presentation of the four concession agreements in Crete and the Peloponnese, emphasized: “We are proud of these four areas that we are adding to our portfolio. Our entry into Greek hydrocarbons constitutes a milestone for our company as well as for potential future exploration in Greece.”
Hydrocarbon exploration in numbers
Aristofanis Stefatos, Chief Executive Officer Hellenic Hydrocarbon Resources Management S.A., during the event at the Acropolis Museum, among other things, underlined the national hydrocarbon exploration program and what lies ahead with Chevron’s entry into the game.
As he said, citing technical models and calculations, Greece has secured investments in the Greek upstream sector amounting to €790 million for the coming decades.
From 2027 to 2032, a series of exploratory drillings are expected in offshore blocks that have been granted.
From 2032 to 2035, if the first exploratory drillings confirm gas deposits, there will be productive hydrocarbon activity.
With the signing of the four concession agreements with Chevron, the benefits, as Mr. Stefatos stated, for the Greek economy translate into a 20% corporate
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