Looking for hydrocarbons offshore western and southern Greece

Greece has a rich geological history. With the Second Offshore Licensing Round opening in second-half 2014, and 20 new license blocks open for applications, exploration in Greece has moved offshore toward the underexplored southern and western parts of the country. Nearby, offshore discoveries, such as the Albanian A4-1X well and the Katakolon find in Peloponnesus, prove that there is a working petroleum system in the region. Exploration efforts have slowed down over the past decade, with the most recent seismic shot in 2000, in the Gulf of Patraikos. In preparation for the licensing round, PGS, together with YPEKA, acquired 12,430-line km of broadband, dual-component streamer 2D data in late 2012. With these new data, imaging of this structurally complex region has improved.

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