Thirty areas for hydrocarbon targets in Ionian and Crete (maps)

More than 30 target areas for hydrocarbon exploration have been identified in the Ionian and offshore areas west and south of Crete, from surveys to date on “plots” that have been granted or are under concession.

The map of the “plots” and target areas was presented by Greek Hydrocarbon Managing Director Yiannis Basias at a conference on energy in the eastern Mediterranean on Tuesday, the day parliament discussed ratifying lease agreements for concessions. and exploitation of hydrocarbons in four marine areas in Crete and the Ionian Sea.

A debate in which Minister of Environment and Energy Kostis Hatzidakis noted that “the country has been slow in this area” and added “it is not the country’s prospect to make extractions forever when Europe’s policy goes in the other direction, but it is not the policy of the country to see Turkey do mining, to see Cyprus do mining, to see Egypt do mining, to see Italy do mining, and we do not. “

The maritime areas granted under the four conventions ratified by Parliament are ‘Southwest Crete’ and ‘Western Crete’ which are granted to the Total, ExxonMobil and Greek Petroleum Consortium, the Ionian Sea Area to the Greek Petroleum Consortium and Repsol – the marine area “Area 10 Ionian Sea” (Kyparissia Bay) assigned to ELPE.

It is clear from the ETRI map that the objectives are not limited to the areas allotted but extend to the ‘plots’ available for concession.

The geological features of these plots, in the central Ionian and southern Crete, have been presented in recent months by ADEV on the international market and according to information from the Authority have attracted the interest of international oil companies.

In relation to the area west and southwest of Crete, the NRWS emphasizes that the possible targets lie in rocks buried deep below the sea floor, with sea depths well over 1,500 meters.

The average water depth in these areas exceeds 2,500 meters and in many cases is around 3,500 meters.

The technology for drilling at such great depths is expected to be available over a three-year timeframe, and companies will decide whether or not to drill.

“It is obvious that the oil consortiums that are interested in potential Greek deposits are at the forefront of these technological developments,” a report by EDWA reads.

It is clarified that the areas of interest do not necessarily mean that they will also hide quantities of hydrocarbons, which can only be ascertained by drilling.

It is encouraging, however, that discoveries have been made in neighboring countries appearing on the EDWA map and there is hydrocarbon production.

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