Tenders Bid Rounds
2014-2015 Offshore Round
The Licensing Round offshore Western Greece and South of Crete was announced by mid 2014 for twenty blocks and ended in July 14th 2014. Data covered a broad area of ~225,000 sq. km. An Evaluation Committee was appointed by the Minister of Environment and Energy in order to examine the received offers. The evaluation for Blocks 2 and 10 was finalized and the preferred bidders were announced in Q4 2016 as below. The evaluation of Block 1 is ongoing.
Block 2: Total E&P Greece BV (operator)- Edison International S.p.A. - Hellenic Petroleum Group (HELPE)
Block 10: Hellenic Petroleum Group (HELPE)
Call for Tenders for the exploration for and exploitation of hydrocarbons Offshore Greece.
10-07-2015: CLARIFICATION FOR THE SUBMISSION OF THE BID GUARANTEE
26-06-2015: Clarifications for the Call for Tenders for the exploration for and exploitation of hydrocarbons in Offshore Western Greece and South of Crete
STRATEGIC ENVIRONMENTAL ASSESSMENT (SEA) for offshore area in Ionian Sea (English annex starts from page 687)
STRATEGIC ENVIRONMENTAL ASSESSMENT (SEA) for offshore area in Crete (English annex starts from page 607)
2014 Onshore Tender
After the Individual Express of Interest of ENEL, three onshore blocks entered in an international tender for western Greece with offers deadline of offers February 6th 2015. The Evaluation Committee completed negotiations and the preferred bidders were announced as below. Model Agreements to be signed in Q1 2017.
• Arta-Preveza Block: Hellenic Petroleum (HELPE)
• Aitoloakarnania Block: Energean Oil & Gas
• NW Peloponnese Block: Hellenic Petroleum (HELPE) Fig. blocks
2012 Open Door
Lease Agreements were signed (03.10.2014) and exploration is ongoing.
• Ioannina onshore: Energean Oil & Gas
• West Patraikos Gulf: Hellenic Petroleum & Edison
• Katakolon offshore block: Energean Oil & Gas with Trajan Resources
Strategic Environmental Assessment (SEA) for Katakolon Contract Area [English Non Technical Summary at page 453]
Strategic Environmental Assessment (SEA) for Patraikos Gulf (West) Contract Area [English Non Technical Summary at page 463]
1996-97 License Round
1996-97 License Round In 1996 the first International Licensing Round, proposed 6 concession areas in Western Greece. As a result of this tender, 4 licences were finally granted in 1997 as below:
• NW Peloponnesus and Ioannina : Enterprise Oil and HELPE
• Aitoloakarnania and Western Patraikos Gulf offshore : Triton Ltd. and HELPE
Offshore Ionian and Crete Tenders 2017
Three international tenders for the areas Southwest and West of Crete and the Ionian Sea were published in the Journal of the Greek Republic the 11th of August 2017. This publication follows the expression of interest by the consortium Total-ExxonMobil-Helpe for Southwest and West of Crete and by Energean Oil and Gas for the Ionian Sea. The expected announcement by the Official Journal of the European Union will allow other interested companies to submit offers within 90 days from the date of publication of the Invitation for Submission of Offers in the Official Journal of the European Union. The offers should be submitted to HHRM.
The region of Ionian Sea and Western Greece in general is a “safe haven” in the Western parts of the Eastern Mediterranean and has the advantage of a strategic position. Further, the areas west and south of Crete, are considered “high risk-high reward” and attract today the interest of the oil and gas industry.