ExxonMobil, Energean, and Helleniq Energy to sign contract with Stena Drilling for exploratory drilling offshore Greece

Type: Supply Agreement · Technology: Oil Gas · Country: Greece · Announced: 2026-04-14

U.S. oil major ExxonMobil, Energean, and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to commence exploratory drilling in Block 2 in the Ionian Sea, offshore western Greece. The consortium plans to proceed with exploratory drilling in February 2027, marking Greece's first offshore exploration drilling in 40 years. Stena Drilling will deploy a high-performance vessel capable of operating in deep-sea waters and drilling to a depth of up to 35,000 feet to locate previously hard-to-access deposits. This initiative is part of Europe's broader strategy to diversify its energy sources and reduce reliance on Russian gas following the invasion of Ukraine.

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