Energean

Energean on Thursday announced that the government of Israel had approved the first phase of a development plan for the Katlan gas field.

Energean said this field could be used for exports to neighboring countries if the Israeli government approved such licenses.

Energean announced on Thursday that by September 2023 it will submit a comprehensive program for the exploitation of the deposits of the "Olympus Area" of the Israeli exclusive economic zone to the Israeli government for approval, so as to begin its implementation in early 2024.

The first solid data from seismic research conducted in the Ionian Sea and the sea region west-southwest of Crete will be available by the end of 2023 and this data will be the basis on which a decision on whether to carry out exploratory drilling will be made, hydrocarbon industry sources said on Monday.

The first reliable findings from seismic research in the Ionian Sea and an area west-southwest off the coast of Crete will be available by the end of 2023 and this data will determine whether exploratory drilling will be carried out, hydrocarbon industry sources said on Monday.

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year, CEO Mathios Rigas told Reuters on Thursday.

After the Athens-Rome agreement on the continental shelf signed two years ago, seismic surveys will begin in the marine "block 2" - Ionian Sea - to identify potential hydrocarbon targets.

Investment fever is spreading on Aiolou Street, Athinas Street and Kotzia Square to Patision Street and the National Archaeological Museum, with investors maintaining high expectations for the return of the area to its bygone glory.

The geological region that stretches to the North from the Adriatic in the area of ​​Italy and Croatia and descends to the Ionian Sea and Western Greece to the South has yielded discoveries of oil and natural gas deposits.

Exploration by major oil companies is ongoing, while Croatia, Montenegro and Albania have stepped up their efforts with rounds of concessions.

And officially TotalEnergies announced its withdrawal from the hydrocarbon investigations in the two maritime concessions of Crete it had leased three years ago as head of the joint venture with ExxonMobil and Hellenic Petroleum.

New seismic surveys are coming to offshore blocks that have been granted by the Greek state to oil companies to locate possible natural gas deposits.