ATHENS, May 2 (Reuters) - Greece has approved an
international tender for hydrocarbon exploration in four blocks
in the Mediterranean Sea, following an expression of interest by
Chevron ( CVX ) and Helleniq Energy, the energy
ministry said on Thursday.
Greece this week issued a ministerial decision to launch an
international tender after it accepted Chevron's ( CVX ) interest for
two blocks south of Crete and for one block off the Peloponnese
peninsula, the energy ministry said in a statement.
An ExxonMobil-led consortium has been evaluating
seismic data after winning a licence to look for gas in another
two blocks of Crete.
Interested investors will have 90 days to bid for the new
blocks once the tender is published in the official gazette of
the European Union, the ministry added.
Greece relies on oil and gas imports to cover part of its
domestic needs but has renewed its drive to look for
hydrocarbons in recent years, encouraged by major gas finds off
Egypt, which lies south of Crete, and despite a long-standing
dispute with Turkey about jurisdiction over energy resources in
the Aegean Sea.
Greek Energy Minister Stavros Papastavrou was expected to
meet Chevron ( CVX ) officials during a trip to the United States later
this month, a Greek energy ministry official told Reuters.
Greece has said it aims to conclude the tender by August and
have the lease agreements with selected bidders approved by
parliament by the end of the year.