Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
(Reuters) — Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece's Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday.
Greece, an entry point for natural gas in the eastern Mediterranean, aspires to become a gas producer and a hub for the storage and transfer of gas to the rest of Europe, given its location and investments on related infrastructure.
"Our country, regardless of its focus on a fast green transition, is obliged to explore if it has the potential to mine natural gas, which will contribute to our country's energy security and Europe's," Mitsotakis said.
"These surveys will begin by Exxon Mobil in the coming days," the conservative premier said during an interview with Greece's Ant1 TV.
In July, Exxon Mobil and Greece's biggest oil refiner HelleniQ Energy agreed to take over TotalEnergies' share in two contracts for gas and oil exploration off Crete, after the latter pulled out.
Exxon Mobil is the operator, owning 70% of the rights for looking for hydrocarbons off Crete. HelleniQ Energy holds the rest.
Mitsotakis said in April the country plans to speed up exploration for gas reserves to replace Russian gas with indigenous resources. The country aims to have a clear idea by 2023 on whether it has gas reserves it could tap.
Related News
Related News

- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
Comments