ECONOMY

Norway interested in drilling for oil in Greece

Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the the Mediterranean country?s west.

Norwegian Deputy Minister of Petroleum and Energy Per Rune Henriksen formally invited Maniatis to a meeting where the two are scheduled to look at the searching, drilling and development of hydrocarbons in Greek waters.

In the next 18 to 24 months, the Greek government has said it will invite bids by private operators to search for oil and natural gas in a bid to cut energy imports.

At the moment, Energean is Greece?s only oil and natural gas exploration company, producing some 3,000 barrels of oil per day off Kavala, in the country?s north.

Maniatis is also expected to meet with officials from Norwegian oil giant Statoil, Petroleum Geo-Services (PGS) and TGS-NOPEC Geophysical Company (TGS).