Seismic Research for Gas Offshore Crete to Proceeded to Next Phase

Thursday, October 10, 2024

An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday.

Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil and Hellenic Energy have acquired a total of 7,789 kilometers of two-dimensional seismic data in the "southwestern" block off Crete compared to a required minimum of 3,250 kilometres of 2D data needed for the project to proceed.

The consortium will now move to the second stage for collecting three-dimensional seismic data in the area. That process will take three years and will determine the final decision for exploration drilling, HEREMA added.

Greece, which views gas as a transition fuel as it ramps up renewables, has produced small quantities of oil in the past and has renewed its efforts to explore its hydrocarbon potential following a 2022 energy crisis in Europe.


(Reuters - Reporting by Angeliki Koutantou; Editing by Sharon Singleton)

Categories: Offshore Energy Subsea Industry News Activity Europe Oil and Gas Seismic Survey Mediterannean Sea

Related Stories

Orlen Gets Permit for Norwegian Sea Drilling Ops

TechnipFMC and Prysmian Form Floating Wind Partnership

Vår Energi Gets Go-Ahead for Barents Sea Drilling Campaign

Current News

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

TotalEnergies Steps Up Methane Emissions Monitoring Efforts

Olympic Takes Delivery of Second CSOV from Ulstein

Noble Picks ABS Wavesight’s Solution for Offshore Assets’ Digital Recordkeeping

Subscribe for OE Digital E‑News