📜 An agreement for ExxonMobil to participate with a 60% stake in the Energean-Helleniq Energy Joint Venture, which has the rights to explore for hydrocarbons in Block 2 in the Ionian Sea, was signed within the framework of the Partnership of Transatlantic Energy Cooperation (P-TEC) meeting - with the next step being the implementation of exploratory drilling, for the first time in 40 years.
The agreement was signed in the presence of US Energy Secretaries Chris Wright, Interior (and head of the National Energy Dominance Council) Doug Burgum, Environment and Energy Minister Stavros Papastavrou, US Ambassador to Athens Kimberly Guilfoyle, ExxonMobil Vice President for Global Exploration Dr. John Ardill, CEO of Helleniq Energy Andreas Shiamishis, and CEO of Energean Group Matthew Rigas.
"Today we are writing a new chapter in Greece’s energy history," emphasised Prime Minister Kyriakos Mitsotakis in his message on Thursday regarding the agreement for ExxonMobil’s participation in the concession of Block 2.
"This is not yet another investment. It will be the first exploratory drilling in our country in almost 40 years. A historic moment. An act of responsibility and vision.
We are making our commitment a reality: to utilise our national wealth with planning and foresight. For a Greece that is energy-secure, geopolitically strong, and attractive to investment," concluded Mitsotakis in his message.
📌Read more about the agreement via Αθηναϊκό - Μακεδονικό Πρακτορείο Ειδήσεων:
https://www.amna.gr/en/article/946549/Papastavrou-Important-agreements-for-hydrocarbon-exploration-in-Greece
📌Read the entire speach by Prime Minister Kyriakos Mitsotakis:
https://www.primeminister.gr/en/2025/11/07/37305
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