Chevron contract gets ever closer

The Greek state and the Chevron-Helleniq Energy consortium are 1 step distant from finalizing the lease contracts, Kathimerini understands.

The Ministry of Environment and Energy and the absorption of the Greek Hydrocarbons Management Company (EDEYEP) look to person won the conflict against clip for completing the concession tender for hydrocarbon exploration successful the 4 caller areas disconnected the Peloponnese and Crete by the extremity of the year.

The valuation committee established by EDEYEP to reappraisal the ineligible and technical terms of the bids submitted by the consortium for the two areas south of the Peloponnese and the two areas south of Crete has completed its work, and the dialog rhythm that was subsequently opened to amended the competitory terms is successful its last stage.

The declaration texts will astir apt beryllium acceptable to beryllium sent to the Court of Auditors for pre-contractual reappraisal connected Monday, and successful immoderate lawsuit within the week. EDEYEP completed the valuation process successful little than a period compared to the maximum clip of 60 days provided for by the ineligible framework, from the completion of the valuation to the grant of the lease contracts. This means that the timetable the Energy Ministry has acceptable for the completion of the tender by the extremity of 2025 will beryllium achieved, paving the way for the surveys successful 2026. This certainty was expressed connected Friday successful statements to Action24 TV by Minister Stavros Papastavrou: “The declaration with Chevron for hydrocarbon exploration south of Crete will beryllium completed successful 2025, followed by support by the Court of Auditors and Parliament successful aboriginal 2026, so that geophysical surveys successful the country tin statesman adjacent year.” 

He added that from the infinitesimal the surveys begin, it takes a play of three to 5 years to observe the constituent where there whitethorn beryllium an exploitable deposit. Upon declaration ratification, Chevron will person a three-year exploration license. “There are wide indications, not proof, of deposits that tin take our state to different level, to a antithetic prime of life,” helium said.