Greece attracts three international bids for offshore seismic surveys

According to an announcement by the Ministry of Environment and Energy (MEE), a total of three bids were submitted by internationally recognised companies with extensive experience in the field.

Under the established procedure, the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) will proceed with the appointment of an Evaluation Committee. The Committee will be responsible for opening and assessing the submitted bids in accordance with the terms of the tender invitation.

Once the evaluation process has been completed, HEREMA will submit its recommendation to the Ministry of Environment and Energy.

Commenting on the completion of the bidding phase, Minister of Environment and Energy Stavros Papastavrou said:

“The strong international interest in seismic surveys in Greece, reflected in the submission of three bids by internationally recognised companies, represents a vote of confidence in our country’s prospects. It confirms that the development of Greece’s hydrocarbon sector is gaining momentum and attracting interest beyond the oil companies already operating in our country.

Greece is moving forward with a clear plan, consistency and confidence in the exploration and development of its energy resources. The new seismic surveys will enable us to gain a more comprehensive understanding of the potential of Greek offshore areas and further strengthen international investor interest.

With respect for the environment and the principles of international law, we are working to ensure that our country’s potential energy wealth is transformed into tangible benefits for all Greeks.”

For his part, HEREMA Chief Executive Officer Aristofanis Stefatos stated:

“The acquisition and processing of new data using the most advanced technologies will contribute to the development of a more comprehensive database covering both licensed and unlicensed offshore areas. This represents an important prerequisite for further assessing our country’s prospects and attracting investment interest.”