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Helleniq Energy to decide on exploratory gas drilling within 12-18 months
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Helleniq Energy to decide on exploratory gas drilling within 12-18 months
Jun 27, 2024 10:39 AM

ATHENS, June 27 (Reuters) - Greece's biggest oil refiner

Helleniq Energy said on Thursday it would decide on

exploratory drilling in Greek offshore blocks within the coming

12-18 months.

Greece has pushed ahead with collecting seismic data via

survey vessels in several areas that potentially carry

significant gas reserves.

Helleniq holds licences to explore for oil and gas in four

blocks in the Ionian Sea and in two blocks as part of an Exxon

Mobil ( XOM )-led consortium off the island of Crete.

In a presentation to shareholders, the company said it has

been evaluating data from seismic surveys there.

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