The Hellenic Hydrocarbon Management Company is considering incentives for oil companies to proceed with the research for hydrocarbons in the areas that had been granted in previous years. According to the estimates of the Company, the hydrocarbon reserves in the Greek territory are estimated in quantities corresponding to those of the giant deposit “Zor” that was discovered in Egypt in 2017, or in a value of 250 billion euros.
The CEO of the Hellenic Hydrocarbon Management Company, Aristophanes Stefatos, clarified that the estimates are based on the initial findings of the companies-concessionaires of the Greek plots and with a success rate of 20% in drilling and of 5-60 per barrel in oil price.
SOURCE: AMNA
