Petroleum geology

Greece's Hydrocarbons and Energy Resources Management Company (HEREMA) announced on Thursday the successful completion of the first phase of hydrocarbon surveys by ExxonMobil and HellenIQ Energy southwest of Crete and the consortium's request to begin the second phase, which will determine whether drilling will be carried out.

Energy Minister Alparslan Bayraktar has stated that sending off the Oruç Reis Seismic Research Vessel to Somalia marks the beginning of a new era in Türkiye's natural gas and oil exploration at sea.

President Recep Tayyip Erdoğan on Oct. 5 attended a ceremony to see off the Oruç Reis vessel as it embarked on its latest energy research mission bound for the waters off Somalia.

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.

Ramform Hyperion conducted 3D seismic surveys in a Greek plot of land where interesting gas deposits are suspected to exist

According to Deputy Minister Alexandra Sdoukou seismic surveys in the licensed areas were completed by 2023 and now their analysis is underway

Decision time has come for the hydrocarbon survey program off Crete by the joint venture of ExxonMobil (70%) with Helleniq Energy (30%), which must decide whether it will conduct an exploration drilling.

The Canadian government has guaranteed billions in new commercial loans to finance the controversial Trans Mountain pipeline project amid growing concerns of huge cost overruns.

The government nationalized the project, running from Alberta province to the Pacific coast, in 2018.

The first solid data from seismic research conducted in the Ionian Sea and the sea region west-southwest of Crete will be available by the end of 2023 and this data will be the basis on which a decision on whether to carry out exploratory drilling will be made, hydrocarbon industry sources said on Monday.

The first reliable findings from seismic research in the Ionian Sea and an area west-southwest off the coast of Crete will be available by the end of 2023 and this data will determine whether exploratory drilling will be carried out, hydrocarbon industry sources said on Monday.