Energean buys Total’s share of Ionian Sea Block 2
- Written by E.Tsiliopoulos
Energean on Thursday announced the acquisition of Total’s 50 percent share of Block 2 in the Ionian Sea.
Taking into account that Energean is intending to acquire Edison E&P, which holds 25 pct of the exploration and drilling rights in Block 2, the company will hold 75 pct of the exploratory drilling and exploitation rights in Block 2, while the remaining 25 pct belongs to Hellenic Petroleum.
Energean noted that, based on up-to-date surveys in the region, Block 2 includes a broader potential target that extends over 60 pct over Greek territory and 40 percent in Italian waters, in a sea region in which Edison is active. Consequently, this part of Edison will pass to Energean’s control.
The agreement was signed on Thursday by the managing director of Total E&P Greece Denis Lemarchal and the managing director of Energean group Mathios Rigas.
Related items
-
Mitsotakis and Von der Layen at the Ancient Agora : A historic moment for Greece and Europe
-
Hellenic Tourism Organization: Under the auspices of the organization a sports and a gastronomic event
-
Ursula von der Leyen's visit to Athens and the gifts she bears
-
Dior show live from Athens to all over the world, on Thursday
-
Banderas is coming to Thessaloniki for filming -1,000 extra and the city is a stage
Latest from E.Tsiliopoulos
- Dior adored Greece in a magical show in Kallimarmaro (video)
- Mitsotakis and Von der Layen at the Ancient Agora : A historic moment for Greece and Europe
- Hellenic Tourism Organization: Under the auspices of the organization a sports and a gastronomic event
- AHI Submits Testimony To House Appropriations Committee
- Ursula von der Leyen's visit to Athens and the gifts she bears