A consortium led by U.S. supermajor ExxonMobil has successfully completed the first exploration phase southwest of the Greek island of Crete and has decided to proceed with the second exploration stage, Greece’s state firm Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said on Thursday. Exxon and Helleniq Energy are conducting the exploration studies in a joint venture. The companies have notified HEREMA that they have concluded the first exploration phase at the block “Southwest of Crete” and submitted…
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