{"id":11961,"date":"2026-06-21T09:49:00","date_gmt":"2026-06-21T06:49:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=11961"},"modified":"2026-06-21T09:49:00","modified_gmt":"2026-06-21T06:49:00","slug":"hydrocarbons-countdown-to-drilling-off-the-coast-of-corfu-the-kyparissia-field-moves-to-the-next-stage","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=11961","title":{"rendered":"Hydrocarbons: Countdown to drilling off the coast of Corfu – The Kyparissia field moves to the next stage"},"content":{"rendered":"

Developments in research on hydrocarbons in Greece are gaining renewed interest following the entry of the American Chevron in \u201cBlock 10\u201d of the Gulf of Kyparissia<\/strong>. <\/p>\n

This is an area that Andrew Deegan<\/strong>, the company\u2019s Director of Exploration for the Middle East and North Africa, has described as \u201cinteresting and unexplored.\u201d <\/p>\n

At the same time, planning is underway for the first exploratory well in \u201cBlock 2\u201d west of Corfu, which, according to the current schedule, is expected to take place in February 2027. This is a particularly significant development, as it will be the first exploratory well drilled in the country in four decades. <\/p>\n

Chevron in \u201cBlock 10\u201d and the next steps <\/h3>\n

Chevron<\/strong>\u2019s participation in \u201cBlock 10\u201d was approved in a short period of time. The American company acquires a 70% stake, while HELLENiQ ENERGY<\/strong> retains the remaining 30%. <\/p>\n

The concession is already in its second exploration phase. Geological and environmental studies have been completed, as have two- and three-dimensional seismic surveys. In 2022, 1,210 kilometers of 2D seismic surveys were conducted, followed by 3D seismic surveys covering an area of 2,416 square kilometers, which encompass most of the region. <\/p>\n

The next phase includes 3D seismic surveys in the neighboring Block A2 and an evaluation of the new data. The decision on a potential exploratory well is expected after 2027\u20132028. <\/p>\n

\u201cFeverish\u201d preparations for drilling in Corfu <\/h3>\n

Drilling in \u201cBlock 2\u201d west of Corfu<\/strong> is expected to proceed sooner. The consortium includes ExxonMobil<\/strong> with a 60% stake, Energean<\/strong> with 30%, and HELLENiQ ENERGY<\/strong> with 10%. <\/p>\n

A final decision on which port will support the drilling is expected within the next few days. The ports of Patras<\/strong>, Igoumenitsa<\/strong>, and Astakos<\/strong> are under consideration. <\/p>\n

Meanwhile, the Environmental Impact Study<\/strong> is expected to be submitted by early July, incorporating the results of the baseline environmental survey for seabed mapping. <\/p>\n

The size of the deposit and the investments <\/h3>\n

According to estimates, the \u201cAsopos 1\u201d area in \u201cBlock 2\u201d may contain up to 270 billion cubic meters of natural gas. For comparison, annual natural gas consumption in Greece ranges from 6 to 7 billion cubic meters. <\/p>\n

The well will reach a depth of 4,622 meters, and its cost is estimated at between 60 and 70 million euros. <\/p>\n

If the results are positive, a second exploratory well may follow. If the existence of a commercially viable deposit is confirmed, additional investments estimated at 5 billion euros will be required for its development. <\/p>\n

Estimates indicate that total revenue for the Greek government over a 20-year period could reach 10 billion euros. <\/p>\n","protected":false},"excerpt":{"rendered":"

\n Developments in hydrocarbon exploration in Greece are gaining new interest following the entry of the U.S.-based Chevron into \u201cBlock 10\u201d …<\/p>\n","protected":false},"author":1,"featured_media":11962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-greece"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/11961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11961"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/11961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/11962"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}