Greece signs exploratory drilling deal in the Northwest Ionian Sea

Greece signed a deal for exploratory drilling in the Northwest Ionian Sea, signaling a vote of confidence in the country's energy potential. The agreement involves ExxonMobil, HelleniQ Upstream, and Energean Hellas for Block 2, with ExxonMobil taking a 60% stake. This marks the first offshore drilling in Greek territory in 40 years. The drilling aims to confirm a potential natural gas deposit of approximately 200 billion cubic meters. This development is part of Greece's strategy to utilize its subsea resources.