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Deals Signed at Maximos Mansion with Chevron - Helleniq Energy: What the Strategic Deal Brings for Hydrocarbons

Published February 16, 2026, 12:25
Deals Signed at Maximos Mansion with Chevron - Helleniq Energy: What the Strategic Deal Brings for Hydrocarbons

Agreements have been signed at the Maximos Mansion between the Greek state and the Chevron-Helleniq Energy consortium for the research and exploitation of hydrocarbons in marine areas south of the Peloponnese and Crete. The agreement, attended by Prime Minister Kyriakos Mitsotakis, marks a significant step in the utilization of Greece's energy resources. Chevron, a US oil giant, is expanding its activities in the Eastern Mediterranean, while HELLENiQ ENERGY participates in the research, strengthening its presence in the upstream sector. The contracts concern four marine areas with a total area of 47,000 square kilometers, which are considered particularly promising for the discovery of new deposits. Chevron already has significant experience in the region, with discoveries such as the Aphrodite deposit in Cyprus and the Leviathan and Tamar deposits in Israel. Environment and Energy Minister Stavros Papastavrou stated that the texts of the contracts will be submitted to Parliament for ratification, while geophysical surveys are expected to begin soon. The agreement is expected to contribute to strengthening Greece's energy security and the country's economic development. The entry of Chevron into the Greek market marks a new era for the hydrocarbon sector in Greece, while the cooperation with HELLENiQ ENERGY is expected to create synergies and enhance the country's expertise in this field. The agreement is a strategic deal expected to have significant impacts on the Greek economy and the country's energy policy.