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E.Tsiliopoulos

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Chevron confirms its intent to explore for hydrocarbons south of the Peloponnese

Chevron’s growing involvement in Greece’s offshore energy sector signals a potential shift in the Eastern Mediterranean’s exploration landscape. The American oil giant recently expressed interest in two new offshore blocks south of Crete — “South of Crete I” and “South of Crete II” — just two months after declaring its intent to explore a third area south of the Peloponnese.