Greece is accelerating its hydrocarbon exploration plans, aiming to carry out seismic surveys south of Crete by the end of 2026, following high-level talks with U.S. energy giant Chevron in Houston.
The meeting between Environment and Energy Minister Stavros Papastavrou, Deputy Minister Nikos Tsafos and Chevron executives took place on the sidelines of the CERAWeek energy conference, a major global industry gathering. It forms part of a broader effort by Athens to fast-track exploration activities and attract major international energy companies.
Clear timeline for seismic surveys
Papastavrou said the discussions with Chevron focused on moving quickly from agreements to implementation.
“We set a clear timetable and initiated the necessary steps so that seismic surveys south of Crete can take place before the end of 2026,” he said in a statement to Greece’s public broadcaster ERT.
The minister met with Chevron Vice Presidents Kevin McLachlan and Gavin Lewis, signaling continued momentum following recent energy agreements between Greece and the company.
Ongoing engagement with energy majors
The Houston visit is part of a sustained outreach effort by the Greek government toward leading oil and gas companies. Papastavrou has maintained direct communication with both Chevron and ExxonMobil, another major player involved in Greece’s offshore exploration plans.
He previously visited the companies’ headquarters in Houston in May last year. This was followed by key developments, including the signing of a contract allowing ExxonMobil to enter “Block 2” and, more recently, concession agreements granted to Chevron in Athens.
Energy strategy amid global uncertainty
Greek officials are linking the push for hydrocarbon exploration to broader geopolitical developments. Europe has been seeking alternative energy sources in response to heightened instability, particularly in the Middle East.
Papastavrou said the evolving situation underscores Greece’s strategic choice to develop its domestic hydrocarbon resources.
“The crisis in the Middle East clearly confirms the government’s decision to move forward with the immediate development of the hydrocarbon sector,” he said, referring to Prime Minister Kyriakos Mitsotakis’ policy direction.
According to the minister, Greece aims to strengthen its energy independence by leveraging its natural resources, while also enhancing its geopolitical standing.
“We are upgrading our geopolitical role and building an energy-secure future for our country with confidence,” Papastavrou said.
Source: ot.gr