ExxonMobil Expands Exploration Footprint Offshore Greece ...Middle East

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ExxonMobil Expands Exploration Footprint Offshore Greece
ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea.    ExxonMobil, Energean, and Helleniq Energy have reached a farm-in agreement under which the U.S. supermajor will buy 60% in the Block 2 concession in the northwestern Ionian Sea, next to the Italian Exclusive Economic Zone (EEZ), Energean said on Thursday.    With Exxon farming-in in the block, Energean’s stake drops to 30%, down from 75%, and Helleniq Energy’s interest…

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