November 23, 2024

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Developments in hydrocarbon research are accelerating in western Greece and Crete

Developments in hydrocarbon research are accelerating in western Greece and Crete

Developments in research are accelerating hydrocarbons From the companies to which “plots of land” were granted in western Greece and the maritime regions of Crete.

completion seismic surveys In areas “ionic” And “Template 10Last week’s Gulf of Cypress marks the conclusion of this phase of the work as 3D or 3D data from all awarded hydrocarbon exploration areas were invited.

The only outstanding issue is the possibility of conducting 3D surveys in their offshore areas Crete (The two-dimensional ones were completed in January), which will be determined by Hellenic Energy In cooperation with Exxon Mobil He is the director of the Research Consortium.

In any case, all areas move into the data interpretation phase or, in cases where operations are more advanced, into the exploratory drilling phase.

The next milestone in hydrocarbon research in our country is the approval of the environmental study for the implementation of exploratory drilling (the first in decades) in the field of Ioanninafrom energy.

The study was submitted to Environmental Licensing Directorate at the Ministry of Foreign Affairs And if approved without major modifications, it could lead to drilling (an investment of €40m) starting in 2024, as long as there are no legal challenges that would delay the process.

Company sources said it must also ensure that the exploration period is extended to cover the case that requires a second confirmation drilling, which also requires an environmental license.

In the “Block 2‘, to the west of it Corfu Where the Energean joint venture with Helleniq Energy is active, a 3D seismic survey was completed in November 2022 and within a few weeks (September-October) data interpretation will be completed in order to determine whether or not to conduct exploratory drilling.

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Last week, Hellenic Hydrocarbons and Energy Resources Management (EDEYEP) announced the successful completion of seismic surveys (2D and 3D) conducted by Helleniq Energy in the Ionian Offshore and Block 10″, a fact that allows the charter company to enter directly into the data interpretation and evaluation phase geophysical it has.

And now Promising offshore areas west and southwest of CreteAs officially announced by Helleniq Energy, data processing and interpretation is underway with the aim of making decisions by the end of 2024.

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