Greece speeds up oil and gas exploration

Greece speeds up oil and gas exploration


Debt-stricken Greece, which currently has the least exploration for hydrocarbons in the region, is vowing to exploit its oil and gas reserves.

On 2 January, the Ministry of Environment, Energy and Climate Change (YPEKA) invited investors through an Open Door process to bid to exploit hydrocarbon reserves in three blocks estimated to hold around 250 million barrels of oil. The first two blocks, Patraikos Gulf and Katakolo, are located off the western coast, and the third block - Ioannina – i...


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