Tender for hydrocarbon exploration in Ionian Sea, Crete to be launched early July

The features of the areas involved will be presented to oil companies at a conference in London on July 1-2.

The environment, energy and climate change ministry on Wednesday announced that an international tender for hydrocarbon exploration concessions in the Ionian Sea and south of Crete will be launched in early July.

The features of the areas involved, based on seismic survey data collected by PGS last year, will be presented to oil companies at a conference in London on July 1-2 on “Western Greece and South Crete: A new area for exploration and exploitation of hydrocarbons in the heart of the Mediterranean”.

The areas will be presented by Environment, Energy and Climate Change Minister Yiannis Maniatis, who will outline the government’s strategic plan for developing the country’s hydrocarbon potential and also have individual meetings with company representatives and investors to answer any questions.