ExxonMobil expands survey

ExxonMobil is taking to a more advanced stage of maturity the project of exploring  the Greek concessions for the two areas west and southwest of Crete in its joint venture with Helleniq Energy.

A few months before making its decision on whether or not to proceed with exploratory drilling, which is expected by the end of 2024, ExxonMobil has carried out surveys to record the existing condition of the areas, effectively launching the process for the environmental impact study.

The start of the licensing procedures for exploratory drilling could, according to some interpretations, discount the investment decision and certainly the American company's pursuit of speeding up the licensing times in case it proceeds with drilling.

Last month, US company CSA, a certified partner of ExxonMobli, employed a vessel of EDT Offshore, one of the main providers of equipped...