Μake us preferred on Google Environment and Energy Minister Stavros Papastavrou announced that bidding has closed in an international tender for exploration licenses to acquire and process non-exclusive seismic data in offshore areas of western and southern Greece. Three established international companies with extensive experience in the field submitted offers before the deadline expired on Monday, November 9.
The board of the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) will now set up an evaluation committee. The committee will open the bids and assess them against the tender terms. HEREMA will then send its recommendation to the Ministry of Environment and Energy.
Papastavrou said the strong response was a vote of confidence in Greece’s prospects. He added that it showed hydrocarbon development is maturing and drawing interest beyond the oil companies already operating in the country.
According to the minister, Greece is pursuing the exploration of its energy resources with a clear plan, consistency, and confidence. He said the new surveys would give a fuller picture of the potential of Greek waters and further attract foreign investors. He stressed that the government is working, with respect for the environment and international law, to turn this potential wealth into tangible benefits for all Greeks.
HEREMA CEO Aristofanis Stefatos said that acquiring and processing new data with state-of-the-art technology would help build a more complete database for both licensed and unlicensed offshore blocks. He described this as essential for further assessing the country’s potential and attracting investment.
