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

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.

Counterparts (4)

Developer

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Energean

company · 1 deals

HELLENiQ ENERGY

company · 2 deals

HELLENiQ ENERGY is a Greek energy group involved in oil refining, exploration and production of hydrocarbons, and renewable energy. The company is expanding its presence in the renewable energy sector.

ExxonMobil

company · 3 deals

ExxonMobil is an energy and chemical company that develops and applies next-generation technologies to help safely and sustainably meet the world’s growing energy needs. They invest in a portfolio of projects and technologies to address the dual challenge of meeting the world’s growing energy needs while reducing emissions.

supplier

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Stena Drilling

company · 1 deals