Greece to Present Latest Oil, Gas Seismic Data to Investors in Feb
Thursday, 30 January 2014
Greece will make available to international investors in February the results of recent seismic tests on oil and natural gas in its western and southern waters, Reuters reported, quoting the country’s energy ministry.
"A preliminary assessment of the data shows interesting geological structures bearing significant similarities to areas in neighboring countries which already produce hydrocarbons (Albania, Italy),"the ministry said.
The offshore tests in the Ionian Sea and south of Crete were carried out by Norwegian firm Petroleum Geo-Services (PGS).
Several oil companies have expressed interest in Greece's oil plans, including India's state-run producer ONGC which visited Athens on Tuesday, the ministry said.