Time is counting down for the “ExxonMobil – Helleniq Energy” joint venture to complete the seismic surveys for the identification of hydrocarbon deposits in the marine concessions of Crete.
According to information, the special seismographic vessel Sanco Swift of the Norwegian company PGS, which is carriying out on behalf of the ExxonMobil – Helleniq Energy joint venture the work in the “West” and “Southwest of Crete” marine blocks, will complete the research program by February 20.
Bad weather
However, the special survey vessel had stopped working these days due to the extreme weather conditions. According to sources, the waves were up to 7.5 meters high. The turbulence causes vibrations in the hydrophones of the cables laid by the ship for the seismic surveys.
On schedule
According to information, the Sanco Swift moved within the objectives of the schedule set by the ExxonMobil – Helleniq Energy joint venture and in fact the mild weather conditions prevailing since November contributed to the coverage of a large part of the survey program.
The completion time of the work is estimated, as mentioned above, around February 20. It will depend on how much the schedule has been pushed back by the interruption of the boat’s itinerary due to bad weather.
Data
According to information, the ExxonMobil – Helleniq Energy joint venture collects almost twice as much, in relation to the minimum contractual obligation, two-dimensional seismic data from the subsoil of the sea plots of Crete.
According to information, both in the area of the “Southwest of Crete” block, which amounts to 19,868 square kilometers, and in the second block of 20,058 square kilometers “West of Crete”, works are being carried out to acquire two-dimensional geophysical seismic data of approximately 13,000 kilometers. The minimum contractual obligation that the consortium had was to acquire seismic data of 3,250 km from each concession, i.e. 6,500 km.
The next stage
The next steps of the consortium are now the processing of the seismic data.
If these are satisfactory and clear in identifying potential targets, then it is not out of the question, as the information says, that test drilling will come closer around the end of 2024.
If acquisition of 3D seismic data is also required, then ExxonMobil will return for these and test drilling is expected around 2025.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Scope Ratings Upgrades Greek Economy to BBB
The Greek Minister of National Economy and Finance, Kostis Hatzidakis, expressed his satisfaction with Scope's upgrade of the Greek economy.
Lloyd’s List: 14 Greeks Among the 100 Most Powerful Players in Global Shipping in 2024
Evangelos Marinakis in 16th place – The Greek with the highest climb over the last two years.
George Tsunis: Athens-Washington relations will continue to go from strength to strength under President Trump
"I can't say what President Trump's aims to achieve, but I think the past can serve as a pretty accurate guide," says U.S. Ambassador George Tsunis
A Guide to Athens’ Free Christmas Activities
A detailed guide to all the free festive events that will be taking place in Athens and Piraeus over the festive season. Could there be a better way for young and old alike to get into the holiday spirit?
Hotel Prices in Athens See a Slight Uptick in December
The average online price for a double room in the Greek capital is 130 euros this Dec., up 7.44% compared to last year but slightly lower than Nov. by 0.75%.
Greece Targets Undeclared Swimming Pools
Using data from the Cadaster, the Authority will cross-check information with tax returns and Form E9 to identify taxpayers who have not declared their swimming pools.
Nottingham FC Owner Marinakis on Sky Sports: PL Ambitions, Promises and Olympiacos FC
Nottingham Forest's Evangelos Marinakis opens up on VAR frustrations, his vision for success, and the strategic role of a multi-club structure in an interview at Sky Sports
FinMin to Banks: ‘Don’t Get on People’s Nerves’
Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing
Hochtief Sells Its Remaining 17% Stake in Olympia Odos Tollway
VINCI Concessions, AVAX Concessions, AKTOR Concessions and GEK TERNA jointly purchase stake for Olympia Odos tollway connecting greater Athens to Patras, and eventually Pyrgos
Greece’s Discounted Goods ‘Christmas Basket’ Program Launching Dec. 11
Starting on Dec. 11, items included in this year’s 'Christmas basket' will be sold at fixed prices across supermarkets in Greece.
