The timetable for hydrocarbon exploration in Greece
Greece will accelerate gas exploration in cooperation with individuals, said Prime Minister Kyriakos Mitsotakis in a meeting held at the offices of the Hellenic Hydrocarbon Management Company with the participation of the political leadership of EDEY and the administration of ELPE.
Mr. Mitsotakis said that the country wants to have a clear picture by 2023 of whether there are exploitable deposits, while he added that there are indications that there may be something that makes the government “optimistic”.
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“If we have significant gas deposits, we will replace imports with our national wealth,” he said at a meeting of the hydrocarbon industries.
He stated that the surveys will be carried out in 6 land and sea areas in Western Greece and west of Crete.
According to the report published by IENE, which cites recent studies by EDEY and the Academy of Athens, in the sea areas of the country where recognized seismic surveys have been conducted, more than 30 possible research targets have already been specified, which with additional surveys could emerges as research drilling targets to cover hydrocarbon deposits.
If we take into account that 1/4 of the drillings in the geological structures that have been located in the Ionian sea areas and south and west of Crete will be operational, then these structures could accommodate potential reserves of the order of 70-90 threes. cubic feet of gas, according to data from EDEY20, able to cover 15% -20% of EU consumption, reports IENE.
The report also reiterates the estimates of EDEY, according to which the potential value of Greece’s natural gas reserves exceeds 250 billion. euro.
Schedule
The Mitsotakis plan for hydrocarbons