Helleniq Energy could start gas drilling in 2025, says CEO

HELLENiQ ENERGY Holdings

28/04/2023 11:16

ATHENS, April 28 (Reuters) - Helleniq Energy  HEPr.AT 
could start its first Greek offshore exploratory drilling for
hydrocarbons in 2025, its chief executive said on Friday. 
    Greece has had indications of significant gas reserves of
about 600 billion cubic metres. Last year Helleniq Energy, which
holds licences to explore for oil and gas in four blocks in the
Ionian Sea and off the island of Crete, concluded collection of
seismic data in areas that potentially carry significant gas.
    The company has begun evaluating the data and estimates that
it could be in a position to decide on any exploratory drilling
towards the end of 2024, CEO Andreas Shiamishis told an economic
conference in Delphi.
   "Of course, any exploratory drilling, if it is natural gas
... can lead to production drilling quite fast," he said. "So I
would see us being able to move ahead with drilling in 2025,
under an optimistic scenario."

 (Reporting by Angeliki Koutantou
Editing by David Goodman)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))