In 2017, our presence
in Greece was focused
on our Upstream business
As of December 31st, 2017, we owned mineral rights to two exploration blocks with a net surface area of 5,124 km2.
- In May, an agreement was announced to acquire the 60% stake and the status of operating company in the Ioannina and Aitoloakarnania onshore exploration blocks in Western Greece, with a combined total surface area of 8,540 km2. They are part of the Hellinide fold belt and are related to the latest significant discoveries that took place in Albania. The current operator, Energean, will continue to have a non-operational stake of 40% in both blocks.
Net surface area
of mineral rights
Information on net production, net proved reserves, and mineral rights
as of December 31st, 2017