* Joint venture includes Energean ( EERGF ), ExxonMobil ( XOM ), and
Helleniq Energy
* Venture notified Greece of intention to move to next
exploration phase
* U.S. looks to expand footprint in the Mediterranean
ATHENS, March 19 (Reuters) - A joint venture by
Energean ( EERGF ), ExxonMobil ( XOM ) and Helleniq Energy has notified Greece it
would look for gas in a western offshore bloc, the nation's
hydrocarbons management agency said on Thursday, a move that
would involve the first test drilling in the country for
decades.
In a deal announced last year, U.S. oil major ExxonMobil ( XOM )
joined Energean ( EERGF ) and Helleniq Energy, Greece's
biggest oil refiner, to explore for natural gas in Block 2 in
the Ionian Sea.
After assessing the area's potential, the joint venture
notified the agency of its plans to proceed to the second phase,
which also includes the first offshore exploration drilling in
40 years, the state-owned Hellenic Hydrocarbons and Energy
Resources Management Company said in a statement.
The United States, which holds vast reserves of natural gas,
seeks to increase its share in Europe's energy mix via liquefied
natural gas as the European Union seeks to replace Russian gas
in the coming years.
Greece, which produces small volumes of oil and relies on
gas imports for power generation and domestic consumption, has
been keen to explore for gas and bolster its role as a transit
route for Europe.