Greece is set to undertake its first deepwater offshore drilling operation after Energean awarded a contract to Stena Drilling for an exploration campaign in the Ionian Sea.
The project will use the Stena DrillMAX to drill one firm well in Block 2, located in the northwestern Ionian Sea, with operations expected to begin in early 2027.
The campaign will incorporate managed pressure drilling technology to improve well control and efficiency in deepwater conditions.
The development marks a key milestone for Greece’s upstream energy sector, expanding exploration into deeper offshore areas as interest in the Ionian basin grows.
The well is expected to deliver critical data on the hydrocarbon potential of Block 2, helping shape future offshore development.
Energean and Stena Drilling have previously worked together on projects in Israel and Morocco, with the latest contract strengthening their ongoing partnership as exploration activity increases across the Eastern Mediterranean.
The move forms part of Greece’s broader efforts to diversify its energy supply and boost domestic resource development.
Source: World Oil.
