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Total JV looks to explore off Crete

Total JV looks to explore off Crete

Jun 05, 2017
2 min read
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The Total led joint venture with ExxonMobil and Hellenic Petroleum has submitted an official application of interest to explore for hydrocarbons in two offshore blocks in Crete.

The application was sent to the Ministry of Environment and Energy and to the Greek Hydrocarbon Management Company (EDEY) for two adjusted deepwater offshore blocks in Crete.

In a statement Hellenic Petroleum said that the three companies anticipate that the Greek State will accept the application and release an international tender.

HELPE CEO, Gr. Stergioulis added: “The three companies combined, Total-ExxonMobil-HELPE, compose a powerful business venture that possesses specialised and advanced expertise as well as robust financial magnitude, which are required for the successful outcome of the complicated endeavour of deep water exploration. We aspire to become an energy hub of significant importance for the wider region of SE Europe and the Mediterranean.”

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