Three international tenders for the areas Southwest and West of Crete and the Ionian Sea were published in the Journal of the Greek Republic the 11th of August 2017. This publication follows the expression of interest by the consortium Total-ExxonMobil-Helpe for Southwest and West of Crete and by Energean Oil and Gas for the Ionian Sea. The expected announcement by the Official Journal of the European Union will allow other interested companies to submit offers within 90 days from the date of publication of the Invitation for Submission of Offers in the Official Journal of the European Union. The offers should be submitted to HHRM.
The region of Ionian Sea and Western Greece in general is a “safe haven” in the Western parts of the Eastern Mediterranean and has the advantage of a strategic position. Further, the areas west and south of Crete, are considered “high risk-high reward” and attract today the interest of the oil and gas industry.000