Energy · Greece
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AI-synthesised from 5 sources · no editorial bias
The Greek Ministry of Environment and Energy, led by Minister Stavros Papastavrou, has announced a new competition for seismic research in Western and Southern Greece. This initiative is part of a broader government effort to stimulate interest in hydrocarbon exploration and enhance data acquisition in these regions. The ministerial decision, which accepts a recommendation from the Hydrocarbon Management Authority (EDEYEP), aims to attract international investment and increase the volume of available data on potential hydrocarbon reserves.
The planned seismic surveys will focus on areas previously seen as lacking sufficient investor interest or which had returned to the public domain. The initiative is expected to create a comprehensive database of two-dimensional and three-dimensional data for non-exclusive use, thereby making these regions more appealing to energy companies. This action follows renewed international interest in Greece’s hydrocarbon reserves, particularly in the Ionian Sea and off the coast of Crete, paving the way for future drilling operations as detailed by industry representatives.
29 June
The government and market anticipate increased activity in hydrocarbon research with new scanning of Greek seas.
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