Ionian Sea Block 10 goes to Hellenic Petroleum

7 December 2016
681 Views

ATHEX blue chip company Hellenic Petroleum is the bidder selected for the concession of Block 10 in the Gulf of Kyparissia, west of the Peloponnese, for surveying for and utilization of hydrocarbons in the area, according to a statement by the Environment and Energy Ministry on Tuesday.

In the next few days the tender’s valuation committee will invite the company to agree on the definitive text of the draft
concession contract, the ministry added.

The consortium of Total-Edison-Hellenic Petroleum was recently chosen as the preferred bidder for Block 2 in the Ionian Sea, west of Corfu. The ministry announced that the contract for this will be signed soon.
It follows the selection of Hellenic Petroleum for onshore blocks at Arta-Preveza in Epirus and in the northwestern Peloponnese.

Hellenic Petroleum chief executive Grigoris Stergioulis commented on the Block 10 selection saying that his company constitutes the “natural choice in our country” given its experience and highly skilled staff.

“We are ready to proceed with the surveying and utilization [of the block] immediately after the ratification of the concession contract by the Parliament,” he added.

You may be interested

Odysseus’s Ithaca – Five beautiful beaches you must visit
GREECE
shares12 views
GREECE
shares12 views

Odysseus’s Ithaca – Five beautiful beaches you must visit

Panos - Jul 27, 2021

Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)
FINANCE
shares25 views
FINANCE
shares25 views

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)

Panos - Jul 27, 2021

A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…

Weather Greece: 10-day heatwave coming
GREECE
shares15 views
GREECE
shares15 views

Weather Greece: 10-day heatwave coming

Panos - Jul 27, 2021

A 10-day heatwave starts in western Greece today with temperatures that will reach and exceed 40 degrees Celsius. Meteorologists warn…

Leave a Comment

Your email address will not be published.