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The consortium led by the American company ExxonMobil, together with the British company Energean and the local company Helleniq Energy, has signed the service contract with Stena Drilling. This alliance has as its main objective the execution of the first deepwater test drilling in western Greece in modern times.
ExxonMobil and Energean Management and Contracts
The significance of this operation lies in the technological deployment of the vessel Stena DrillMAX, a state-of-the-art unit designed to operate in ultra-deep environments. This vessel has the capacity to perform drilling to depths of 35,000 feet.
Likewise, the work will focus on the so-called Block 2, located in the Ionian Sea, an area that experts consider strategic and promising for reducing external dependency.
Consequently, the official schedule places the start of exploratory drilling in February 2027. Although the results will not be immediate, the Greek administration is confident that this move will attract new investments to the sector. The intention is clear: to transform Greece into a logistics and production hub that contributes to the diversification of energy sources across the continent.
In this way, Europe continues to strengthen its strategy to definitively replace the supply coming from Russia. The project in the Ionian represents not only an extractive business, but a fundamental piece in the puzzle of regional energy security.
Source: Reuters
Photo: Shutterstock