Petroleum geology

Seismic research data from Ionian and Crete to be available by end-2023

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.

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Assessment of natural gas reserves by year end, PM says

Greece's hydrocarbon exploration southwest of the Peloponnese peninsula and south of Crete island is proceeding without delays, Prime Minister Kyriakos Mitsotakis told a press briefing on the economy Monday, adding that an assessment of the natural gas potential is expected by the end of 2023.

He said that no further blocks are under consideration for hydrocarbon exploration.

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