Greece to invite oil companies to conduct offshore test drillings

Greece is to invite major oil companies early July to conduct offshore test drillings in the areas of the Ionian Sea and off southern Crete.

In an event to be held in London on July 1-2 to present oil companies with Greece’s plan to develop the untapped hydrocarbon potential, energy minister Yannis Maniatis will announce the findings of Petroleum Geo-Services, the Oslo-based firm which completed seismic tests last year in Greece.

Maniatis will present the tender and together with ministry officials “will have private meetings with company representatives and investors to clarify special questions,” a ministry announcement says.

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(Photo: veetec/