February 20, 2023
Economy, FEATURED
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Seismic research for hydrocarbons at sea west and northwest of Crete are concluded, the Hellenic Hydrocarbons and Energy Resources Management Company SA (HEREMA) announced on Monday.
The data will be analyzed and determine what the next step will be.
Research began in November 2022 and was carried out by PGS for concessionaires ExxonMobil and Helleniq Energy in an area covering 40,000 square kilometers. State-owned Herema said a total of 12,278 sqkm of data was collected, almost double the conventional requirement of 6,500 sqkm.
Commenting on the conclusion of field research, Environment and Energy Minister Kostas Skrekas said that “seismic research in the region of Crete was concluded today, faster than expected. In two years, we proceeded to research seismically 5 regions, compared to 2 regions between 2011 and 2020. Our purpose is to do the first exploratory drilling within 2025.”
Herema CEO Aristophanes Stefatos noted “the successful conclusion of research signals the completion of all seismic programs and is a Greek achievement at a global level that comes at a key moment for Europe,”
Herema President Ricard Skoufias said. “We are before an unprecedented opportunity to develop Greece’s natural gas resources in a way that both brings economic and strategic benefits and supports the acceleration of transitioning to a more viable future, which is the ultimate goal.” [ via amna]