Greece has received eight bids by companies to search for oil and natural gas in three blocks in the western part of the country, the energy ministry said on Monday, as debt-laden Athens seeks to save money on energy imports. Greece, which produces almost no oil or natural gas, aims to develop potential hydrocarbon reserves as part of an effort to overhaul its economy and lessen dependence on energy imports. Eleven companies, some in alliance with each other, submitted a total of eight bids. They included UK-based Chariot Oil and Gas, Schlumberger, the world΄s biggest oil service company, Arctic Hunter, Hellenic Petroleum, Edison International and Melrose Resources. The latter three teamed up to bid for two of the three projects, the ministry said in a statement. The three blocks combined, two off-shore and one onshore, may contain as much as 280 million barrels of oil, Greek officials said last year. They are near the towns of Patras and Katakolo as well as in Epirus, in the country΄s northwest.(Article in Greek Kathimerini)
This
is what George Papandreou said less than two years ago about natural
gas and oil exploration in Greece. So we don't have any oil Mr.
Papandreou e?
A special news report from SKAI's "Neoi Fakeloi on the oil exploration in the Ionian
If you have trouble viewing the video, then click here