A new chapter in hydrocarbon exploration in Greece officially opened
A new chapter in hydrocarbon exploration in Greece officially opened on February 16 with the signing of concession agreements for four offshore blocks located south of Crete and the Peloponnese.
Chevron Corporation, via its four Dutch subsidiaries, together with HELLENiQ ENERGY signed lease agreements with the Hellenic Republic which will enable exploration of four blocks offshore Greece.
The blocks, which are located south of Crete (South Crete 1, South Crete 2) and within the Peloponnese (South of Peloponnese, and Block A2), cover a total area of approximately 47,000 square kilometers.
The awarded consortium, in which Chevron holds a 70% operating interest and HELLENiQ ENERGY a 30% interest, was selected following an international call for tender launched by the Greek government in 2025.
