It immediately clarifies the landscape for hydrocarbon exploration in Crete

Of Thanks to Floudopoulos

In the past, there has been a lot of information and leaks about the intentions of the two major international companies participating in the consortium to which the two offshore hydrocarbon exploration blocks in the region of Crete have been granted.

Specifically, the information that saw the light of day, wanted the two companies Total and ExxonMobil, to have distanced themselves from the concessions and to seriously consider the possibility of withdrawing from their investment in Greece.

According to his information Capital.grshould be considered a matter of days, perhaps even before Easter, the official position of at least one of the two companies, which is expected to officially clarify its intentions and respond directly to the call of the Greek government, which we remind has announce its intention to expedite investigative procedures, while asking the companies involved to clarify their position.

It is noted that a letter has already been sent by EDEY to both Total and ExxonMobil, through which the Hellenic Hydrocarbon Management Company informed about the change in the strategy of the Greek government regarding the issue of hydrocarbons, with the aim of accelerating of research.

At the same time, EDEY has set the goal of conducting new seismic surveys in the region of Crete, which is of great research interest, next winter 2022 – 2023.

In any case, there is no information on the content of the announcements that will be made by the concessionaire company. However, the fact that one of the two companies intends to respond immediately to the Greek government’s call for speeding up and intensifying investigations is interpreted as a rather negative indication.

It is worth noting that in the event that from the contacts and discussions that will take place with both Total and ExxonMobil any problem or reluctance of any of them arises, EDEY declares its readiness to find and discuss with another market player.

In this direction, after all, discussions have already begun with potential new stakeholders, without, however, EDEY wanting to reveal the names of possible new suitors. In any case, the goal of EDEY is to conduct seismic surveys this winter.

Source: Capital

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