What stake in the offshore Greek block is Chevron seeking to acquire, and what role would it assume if approved?

Chevron has filed an official request to acquire a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece; if approved, Chevron will become the operator and lead the search for gas in Block 2 in the southwest of the Ionian Sea, while Helleniq retains the remaining 30%.

What is the Greek energy ministry's current stance on exploratory drilling in Block 2, and why?

The Greek energy ministry stated that Greece is considering granting Chevron and Helleniq more time to evaluate completed seismic data for Block 2 before deciding on any exploratory drilling there.

Chevron Files Request to Acquire Offshore Greek Block, Energy Ministry Says

May 28, 2026

Chevron filed a request to acquire a 70% stake in an offshore Greek block from Helleniq Energy, aiming to become the operator for gas exploration in the Ionian Sea pending regulatory approval.

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