ExxonMobil gets majority of exploration rights for Crete project

ExxonMobil acquired the majority of hydrocarbon exploration rights in the region of west and southwest of Crete, following the departure of TotalEnergies last April, Greece’s Hellenic Petroleum announced on Tuesday.

Previously, ExxonMobil and TotalEnergies, with 40% each, along with Hellenic Petroleum (20%) had the majority of hydrocarbon exploration rights. Hellenic Petroleum said that ExxonMobil now has 70% and Hellenic Petroleum the remaining 30%.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

SIGN UP NOW

Kathimerini may send occasional special offers and promotions.

By signing up you are agreeing to our Terms of Service and Privacy Policy.