Overview
- Energean, ExxonMobil, and Helleniq Energy signed the agreement covering the Block 2 concession in the northwestern Ionian Sea.
- ExxonMobil acquires a 60% stake, with Energean reduced to 30% and Helleniq to 10%.
- Energean remains operator for exploration, with ExxonMobil set to assume operatorship in any development phase following a discovery.
- Seismic work including 2,244 sq km of 3D data identified the Asopos structure as the lead drill target near the Italian EEZ.
- The planned well would be Greece’s first offshore exploration since 1981, with partners pitching potential gains for national and regional energy security.