Chevron is in Athens today for working meetings with the Greek Energy Ministry, just 24 hours after Energy Minister Stav...

Chevron is in Athens today for working meetings with the Greek Energy Ministry, just 24 hours after Energy Minister Stavros Papastavrou flew to the company's Houston headquarters for preliminary talks. The discussions center on Block 10, an offshore area in the Gulf of Kyparissia that Chevron wants to enter through a joint venture with Greek energy group HELLENiQ Energy. Under the proposed deal, Chevron would take a 70% stake in a joint company with HELLENiQ Energy, which has held the Block 10 lease since 2019. Chevron has also requested an 18-month extension of exploration rights in the block so it can analyze seismic data before deciding whether to drill. If a drilling decision is made, the earliest a well could go down is 2028. Papastavrou is expected to issue a formal approval for Chevron's entry into Block 10 within hours. Greece's upstream hydrocarbon regulator, EDEUEP, has reportedly issued a positive opinion, and the Energy Ministry has drafted the farm-in decision. A separate sign-off from the Foreign Ministry would then clear the path for drilling operations to begin. Block 10 is not a standalone move. It fills the final gap in a sweeping arc of offshore concessions Chevron already holds: "A2," "South of the Peloponnese," "South of Crete I," and "South of Crete II." Together, they cover a large stretch of the eastern Mediterranean seabed south and west of Greece. Seismic surveys across those four existing concessions could begin as early as late 2026 and are expected to run into early 2027. The full scale of what Chevron is assembling across Greek waters is coming into focus quickly, and Athens is moving at an unusual pace to keep up. #Greece #Energy #Chevron