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Monday, August 15, 2022
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GreeceBusinessExxonMobil gets majority of exploration rights for Crete project

ExxonMobil gets majority of exploration rights for Crete project

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Hellenic News of Americahttps://www.hellenicnews.com
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Hellenic Petroleum on Tuesday announced that ExxonMobil acquired the majority of hydrocarbon exploration rights in the region of west and southwest of Crete, following the departure of TotalEnergies.

ExxonMobil and TotalEnergies with 40% each, along with Hellenic Petroleum (20%) had the majority of hydrocarbon exploration rights previously. Hellenic Petroleum said that ExxonMobil now has 70% of exploration rights and Hellenic Petroleum the remaining 30%.

A series of seismic research has been made in the region in 2012.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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