Will Chevron’s (CVX) Ultra-Deepwater Greece Push Reshape Its Long-Term Upstream Optionality Narrative?
Strong Bullish
100.0
HELLENiQ ENERGY, together with Chevron, has signed lease agreements with the Greek state to explore four ultra-deepwater offshore blocks south of Crete and the Peloponnese, with Chevron holding a 70% operating stake and HELLENiQ ENERGY 30%, pending ratification by the Greek Parliament. This move extends Chevron’s upstream footprint in the Eastern Mediterranean, adding large frontier acreage to its portfolio at a time when energy security and supply diversification remain central policy...
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