Hel.Pe-Total-Exxon Mobil consortium awarded concession for hydrocarbon exploration off Crete

4 July 2018
602 Views

A consortium comprised of partially state-owned Hellenic Petroleum (Hel.Pe), Total and Exxon Mobil has been awarded a concession to begin hydrocarbon exploration in sea blocks west and southwest of Crete, according to a announcement on Tuesday by the relevant environment and energy ministry.

A tender for the concession had been declared in December 2017.

A file covering the entire tender process will be submitted to the Court of Audit for pre-contractual review, followed by the signing of a concession contract between the consortium and the Hellenic Hydrocarbon Resources Management S.A. (HHRM S.A.), yet another round signatures by relevant ministers, and finally, submission to Parliament for ratification.

The first sea region southwest of Crete covers nearly 20,000 square kilometers, while the other, west of the large island, is slightly more than 20,000 kilometers.

You may be interested

Covid-19 Greece – 2,152 new cases on Wednesday
GREECE
shares19 views
GREECE
shares19 views

Covid-19 Greece – 2,152 new cases on Wednesday

makis - Nov 25, 2020

The Greek authorities announced 2,152 new cases of coronavirus on Wednesday, of which 6 were detected following checks at the…

Greece provides 50% tax deductions to foreigners and Greeks abroad
FINANCE
shares23 views
FINANCE
shares23 views

Greece provides 50% tax deductions to foreigners and Greeks abroad

Panos - Nov 25, 2020

The Greek Finance Ministry is introducing a series of tax incentives with the aim of attracting foreign workers and the self-employed, as…

No Tram and Metro services in Athens on Thursday due to strike
GREECE
shares23 views
GREECE
shares23 views

No Tram and Metro services in Athens on Thursday due to strike

Panos - Nov 25, 2020

Commuters in Athens will have no tram and metro services this Thursday, November 26, after staff in STASY, the fixed-rail…

Leave a Comment

Your email address will not be published.