HELLENiQ UPSTREAM KYPARISSIAKOS GULF
Since July 1st, 2026, HELLENiQ UPSTREAM KYPARISSIAKOS GULF S.A., in joint venture with Chevron Greece Holdings (B10) B.V. (70%, Operator), holds 30% exclusive exploration and exploitation hydrocarbon rights in the offshore area of “Block 10” (Kyparissiakos Gulf).
The Lease Agreement has been ratified by the Greek Parliament on October 10th, 2019 (Law 4630/10.10.2029).
Moreover, the international joint venture of HELLENiQ UPSTREAM KYPARISSIAKOS GULF S.A. (30%) – CHEVRON GREECE HOLDINGS (A2) B.V. (70%, Operator) holds hydrocarbons exploration and exploitation rights in the offshore area “A2”.
The Greek Parliament ratified the Lease Agreement on March 16th, 2026, (Law 5287 – G.G. Α’ 41/16.03.2026).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
It is an explicit commitment that marine geophysical surveys are carried out during the winter season with the utmost respect for the environment and the protection and conservation of biodiversity and critical habitats throughout the duration of exploration activities, faithfully following the international best practice and in in compliance with ACCOBAMS Agreement and the JNCC Guidelines and the relevant protection measures according to the approved Environmental Action Plan in strict compliance with the environmental requirements arising from Article 12 of the said Lease Agreement.