Greek Authorities have cleared a Total-led joint venture, and Energean Oil & Gas to explore two separate areas offshore Crete.

The Greek Minister of Environment and Energy George Stathakis, approved the applications of the consortium led by Total, with partners ExxonMobil and Hellenic Petroleum (HELPE) to explore for hydrocarbons in new areas south and west of Crete.

The submission to explore two blocks offshore Crete was submitted in late-May.

The Greek authorities also granted Energean Oil & Gas rights to explore offshore Western Greece, in the Ionian Sea.

According to the Ministry’s website, the two declarations will be published by the end of July. The objective is to have the bidding process to be completed by the end of the year.

Source: www.oedigital.com