Greece Accepts New Chevron Gas Drilling Interest: Ministry [Barron's]
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Source: Barrons
"The Greek government has accepted the expression of interest" for exploration areas south of the island of Crete, the ministry said in a statement. In January, the ministry had said Chevron was also interested in drilling for gas in the Ionian Sea, from southwest of the Peloponnese peninsula to west of Crete. The company wants to oversee exploration in an area of around 46,000 square kilometres (17,760 square miles), the ministry said. Fellow US giant ExxonMobil has similarly expressed interest in an area of 35,655 square kilometres, it said. A relevant international tender is upcoming, the ministry said. The environment ministry in January said Greece had increased the size of the area offered to hydrocarbon exploration by 25 percent. On We
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