Leading oil sector officals expected for forthcoming Athens conference

A host of leading international oil industry officials scanning the global market for new projects are expected to attend the Global Oil and Gas SE Europe and Mediterranean conference, a three-day event scheduled to take place in Athens September 26 to 28.

The Appex Regional (AAPG), a geologists conference, will be incorporated into this year’s forthcoming event.

A previous AAPG event had been held in Athens in 2013, when the results of seismic surveys conducted by Norway’s PGS in the Ionian Sea and off Crete were first presented.

Officials representing American giant ExxonMobil, Italy’s Eni, Romania’s Petrom and Croatia’s Ina are expected to participate at the Athens conference following the summer.

AAPG is the world’s biggest and most widely recognized geologists association, numbering some 20,000 members, the majority of whom serve at key posts of oil companies operating in 129 countries.

The Global Oil and Gas and Appex event comes at a time of major energy-related developments in the east Mediterranean, propelled by recent discoveries of major deposits that have placed the region on the international oil map.

On the domestic front, initiatives are currently being taken to promote new hydrocarbon exploration endeavors. Conditions are now favorable as lower oil prices of the past few years, which subdued investment activity, have significantly reduced the cost of conducting seismic surveys and drills.

EDEY, the Greek Hydrocarbon Management Company, has announced that it intends to push for new seismic surveys in the Ionian, off Crete and the north Aegean.