Helleniq Energy is preparing to conduct 3D seismic surveys at two licenses, block 10 in the Gulf of Kyparissia, west of the Peloponnese, and the “Ionio” block in the Ionian Sea, within the next few weeks, chief executive Andreas Siamisiis has told analysts during a presentation of the group’s financial results for the nine-month period.
Helleniq Energy, which recently underwent a name change from ELPE (Hellenic Petroleum), had previously conducted 2D surveys at these two blocks last February. Its decision to take a step further with 3D surveys at the two licenses suggests a clearer picture of promising targets already identified is needed.
The energy group’s decision to move ahead with its hydroexploration plans reflects the overall determination of the government, HEREMA, the Hellenic Hydrocarbons and Energy Resources Management Company, and investors to press ahead with exploration programs to identify potential targets with natural gas reserves.
Elsewhere, Energean is pushing ahead with its survey work at block 2 in the Ionian Sea, adjacent to Italian territory in the Adriatic Sea.
In addition, an ExxonMobil-led consortium involving Helleniq Energy as a junior partner is moving rapidly with survey work at two offshore block licenses west and southwest of Crete.