First drilling at Ionian Block 2 moves forward after 40 years.

6 sourcesFirst reported 12 days agoUpdated 11 days ago

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The exploration well in Block 2 of the Ionian Sea is advancing toward the drilling phase, with operations scheduled to begin in February 2027.
The consortium involved includes Energean, ExxonMobil, and Helleniq Energy, which have confirmed the timeline for the drilling activities.
The project aims to explore for natural gas reserves estimated at 270 billion cubic meters, with potential investments reaching up to 5 billion euros.
This will be the first exploratory drilling for gas in Greece in approximately 40 years.
Environmental studies are underway in preparation for the drilling process.

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