New Opportunities for Hydrocarbon Exploration in Greece
November 8, 2025
Greece is making strides in hydrocarbon exploration, with a recent agreement signed with ExxonMobil for 'block 2' in the Ionian Sea. This agreement paves the way for the first exploratory drilling in 40 years. Simultaneously, negotiations are underway with Chevron for areas south of the Peloponnese and Crete. The Minister of Environment highlighted the historical opportunities arising for the country's energy sector. If commercially exploitable reserves are confirmed, Greece could achieve energy self-sufficiency.