ExxonMobil, Total sign gas, oil exploration deal with Greece
ExxonMobil, Total sign gas, oil exploration deal with Greece
Greece today awarded licenses to ExxonMobil and Total to search for hydrocarbons off the island of Crete, marking the country’s first major foray into an oil and gas search in the region.
The two companies, in a consortium with Hellenic Petroleum, have an eight-year research and exploitation license in two offshore blocks lying south and south-west of Crete.
“Within two to four years we anticipate we will...