Hel.Pe-Total-Exxon Mobil consortium awarded concession for hydrocarbon exploration off Crete
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
Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)makis - Oct 29, 2020
A Tunisian man who arrived in Europe with a group of migrants rescued off the coast of Lampedusa in Italy…
Two Greek hotels win TUI top awardsPanos - Oct 29, 2020
Two Greek hotels are among the 16 winners of the TUI Global Hotel Awards, a great distinction that boosts the international visibility of the…
Another Christian Monastery to open as a Mosque in TurkeyPanos - Oct 29, 2020
After the conversion of the iconic Hagia Sophia into a mosque, another famous building of Orthodox Christianity in Constantinople (Istanbul), will reopen…