Chevron enters Greek offshore project as Europe seeks energy security

Published on

29/05/2026 - 14:51 GMT+2

Chevron's bid to join Greece's offshore Block 10 underscores the growing importance of the Eastern Mediterranean in Europe's energy landscape.

The US energy giant has applied to join the Block 10 concession, located off the Gulf of Kyparissia in the Southern Ionian Sea, in partnership with HelleniQ Energy. The companies have also requested the transfer of the operator role from HelleniQ Energy to Chevron.

The agreement would see Chevron acquire a 70% stake in the concession, with HelleniQ Energy retaining the remaining 30%, subject to regulatory approval. Chevron would also become the operator of the block.