Related Articles
Forward article link
Share PDF with colleagues

Greece's eyes on the prize

Greece's drive to attract investment to the hydrocarbons sector is gathering momentum

Tourism and the oil industry can make strange bedfellows. But Greece wants to bring the two into close proximity, both in terms of location and economic benefits, as the government seeks to expedite oil and gas exploration to build on a fledgling recovery after the country's disastrous debt crisis. Some of its prospective hydrocarbons acreage lies adjacent to its most popular visitor destinations, notably in and around the Ionian Sea. A recent oil spill from a sunken tanker, which coated tourist beaches near Athens, was a reminder that development will need to be handled with care. But Greece needs all the investment it can get and doesn't want to rely exclusively on its dominant industry,

Also in this section
Latest licensing rounds
23 March 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Trump's offshore oil ambitions sinking
23 March 2018
A clumsy roll-out has imperiled a plan to open nearly all of America's waters to drilling
North Sea—life in the old dog
12 March 2018
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators