greece says wraps up talks with total-led venture for offshore gas drilling

reuters | February, 2017

Greece says wraps up talks with Total-led venture for offshore gas drilling

Greece has concluded talks with a consortium led by France’s Total for deep sea gas exploration in one block in western Greece.

In October, Greece named a consortium of France’s Total, its biggest oil refiner Hellenic Petroleum, and Italy’s Edison as the preferred bidder for the offshore gas drilling block in the Ionian Sea.

The Total-led consortium has bid for one block in the Ionian. Hellenic Petroleum has bid independently for two other blocks in the same region.

Hellenic Petroleum in a venture with Edison, and Energean Oil, Greece’s only oil producer, is already searching for oil in three onshore and offshore blocks in western Greece.