April 15, 2026 successful Greece a declaration will beryllium signed to big hydrocarbon exploration drilling successful the artifact Block 2 V northwestern Ionian Sea.
This is simply a cardinal stage successful the implementation of the project, which whitethorn go the archetypal such cognition successful the state successful much than 40 years old.
The statement will beryllium concluded betwixt the consortium ExxonMobil – Energean – HELLENiQ Energywhich has exploration rights successful the region, and the institution Stena Drillingwhich will supply a drilling vessel.
The ceremonial will beryllium attended by the Minister of Environment and Energy Stavros Papastavrouas well arsenic ambassadors USA And Sweden.
Project and prospects
Exploration well “Asopos-1” scheduled for February 2027. It will beryllium aimed astatine studying a imaginable deposit successful carbonate rocks astatine a extent of astir 4,000 meters.
According to preliminary estimates, imaginable reserves could scope 200 cardinal cubic meters of earthy gaswith the probability of task success astatine the level 15–18%.
Block 2 is considered the astir prepared country for the start of drilling among each Greek licenses.
Distribution of shares
After entering ExxonMobil The structure of information successful the task is arsenic follows:
- ExxonMobil – 60%,
- Energean – 30%,
- HELLENiQ Energy – 10%.
Technical base: Stena DrillMAX
Drilling will beryllium carried retired utilizing a vessel Stena DrillMAX — a sixth procreation drilling rig built by the institution Samsung Heavy Industries.
Key Features:
- work successful water depths up to 3,000 meters,
- drilling to depths beyond 10 km,
- dynamic positioning system DP3,
- technology dual-activity drilling (simultaneous operations),
- emission power system BOP.
The vessel is equipped with modern safety, vigor and biology power systems, and is besides certified according to the standard DNV Abate (P) to trim emissions.
Significance of the project
The task is seen arsenic a strategic step successful the absorption of improvement energy imaginable of Greece and reducing dependence connected outer state supplies.
If successful, it could importantly alteration the country’s relation successful the determination vigor system.









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