ExxonMobil has successfully completed the first exploration phase in Greek waters and will proceed with the second phase, indicating potential for a significant natural gas discovery.
A consortium led by U.S. supermajor ExxonMobil has successfully completed the first exploration phase southwest of the Greek island of Crete and has decided to proceed with the second exploration stage, Greece ’s state firm Hellenic Hydrocarbons and Energy Resources Management Company HEREMA said on Thursday. Exxon and Helleniq Energy are conducting the exploration studies in a joint venture.
In the first quarter of 2024, the ExxonMobil-led consortium conducted preliminary 3D geophysical surveys in the area, which focused on mapping the seabed and the top levels of subsoil. The geophysical data that was collected is currently being processed and assessed.
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