Hellenic Petroleum: Hydrocarbon Exploration in the Ionian Progressing

ATHENS – The Hellenic Petroleum Group is now processing and evaluating the data that emerged from the seismic surveys in the Ionian and Gulf areas of Kyparissia, which were completed in February. Then, within 6-12 months, smaller areas of sea will be selected for higher-definition (three-dimensional) seismic surveys, which will more accurately reveal the location and size of possible deposits, the CEO of the Hellenic Petroleum, Andreas Siamisis, said on the sidelines of the event for the inauguration of the group’s photovoltaic park in Kozani.

Siamisis clarified that the group is only interested in natural gas and offshore (not land) deposits and for this reason, did not proceed with drilling in the Western Patras Gulf, where surveys indicated the presence of oil.

The completion of seismic surveys in the Ionian regions will also make it possible to attract potential investors in joint ventures for the exploration and extraction of hydrocarbons, as the previous investors withdrew.

Asked about the prospects of the areas west and southwest of Crete that have also been allocated for hydrocarbon exploration, Siamisis said that investments can not proceed before there is a decision on a petition objecting to the relevant environmental studies at the Council of State.

“Once the formal obstacles are eliminated, we will proceed either with the same partners, or with other partners, or alone. In these areas, where the sea depths are great, the knowhow is important,” Siamisis stressed. He noted, however, that the wider region has great prospects due to the significant discoveries that preceded it in Egypt and the Eastern Mediterranean.

The CEO of the group stressed that, as the gas units will operate as base units, it is recommended not to be dependent on specific producers. “Instead of importing gas to generate electricity, we will exploit domestic deposits,” he said.


ATHENS, Greece  — Skies over southern Greece turned an orange hue on Tuesday as dust clouds blown across the Mediterranean Sea from North Africa engulfed the Acropolis and other Athens landmarks.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


A Palestinian Baby in Gaza is Born an Orphan in an Urgent Cesarean Section after an Israeli Strike

RAFAH, Gaza Strip (AP) — Sabreen Jouda came into the world seconds after her mother left it.

SEATTLE  — A former Washington state police officer wanted after killing two people, including his ex-wife, was found dead with a self-inflicted gunshot wound following a chase in Oregon, authorities said Tuesday.

WASHINGTON (AP) — The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.

AUSTIN - Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.