ExxonMobil Bets on Greece’s Energy Future With New Offshore Agreement

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ExxonMobil has signed a new offshore agreement with Energean and Helleniq Energy to explore a block in the northwestern Ionian Sea, Greece, with ExxonMobil taking a 60% stake in the project.

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Market impact analysis based on bullish sentiment with 90% confidence.

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90%

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ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea. ExxonMobil, Energean, and Helleniq Energy have reached a farm-in agreement under which the U.S. supermajor will buy 60% in the Block 2 concession in the northwestern Ionian Sea, next to the Italian Exclusive Economic Zone (EEZ), Energean said on Thursday. With Exxon farming-in in the block, Energean’s stake drops to 30%, down from 75%, and Helleniq Energy’s interest in the block falls…

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المقال الكامل على OilPrice.com
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المقال الأصلي منشور بواسطة OilPrice.com في نوفمبر 6, 2025.
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