Chevron's entry into the Greek upstream is set to alter the scheduled timelines for hydrocarbon explorations, with the first drilling projected for early 2027.
Chevron's involvement in the Greek upstream energy sector marks a significant shift in the timeline for hydrocarbon explorations, as announced by the CEO of the Greek Hydrocarbons and Energy Resources Management Company (EDEYEP), Aris Stefatos. The recent decisions from Energean, ExxonMobil, and HELLENiQ ENERGY to commence drilling in block 2 during the first quarter of 2027 have prompted these changes in the exploration milestones for hydrocarbons in Greece.
The revised roadmap laid out by EDEYEP includes seismic surveys, drilling operations, and potential natural gas production across the nine marine blocks that have been granted to companies over recent years. The first exploratory drilling target is scheduled for early 2027, led by Energean, in partnership with HELLENiQ ENERGY, indicating a proactive move towards tapping into Greece's hydrocarbon resources.
This development reflects a growing interest and investment in Greece’s energy sector, particularly in hydrocarbon exploration. The involvement of major players like Chevron underlines the strategic importance of this sector for the Greek economy, potentially leading to enhanced energy security and new revenue streams for the country.
