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Greece's First Offshore Drilling in 40 Years Set for 2027

4/14/2026

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Summary

Story summary

On April 14, 2026, ExxonMobil, Energean, and Helleniq Energy will sign a contract with Stena Drilling for exploratory drilling in a western Greek offshore block.
This marks Greece's first offshore exploration in 40 years.
The drilling is set to begin in February 2027.
It will target natural gas deposits in Block 2 of the Ionian Sea.
Stena Drilling will deploy a high-performance vessel capable of drilling up to 35,000 feet.

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Story summary

On April 14, 2026, ExxonMobil, Energean, and Helleniq Energy will sign a contract with Stena Drilling for exploratory drilling in a western Greek offshore block.
This marks Greece's first offshore exploration in 40 years.
The drilling is set to begin in February 2027.
It will target natural gas deposits in Block 2 of the Ionian Sea.
Stena Drilling will deploy a high-performance vessel capable of drilling up to 35,000 feet.