Greece’s biggest oil refiner Hellenic Petroleum and ExxonMobil have agreed to take over TotalEnergies’ share in two contracts for gas and oil exploration off the island of Crete, Hellenic Petroleum said on Tuesday.
ExxonMobil will become the operator and will own 70% of the rights for looking for hydrocarbons off Crete. Hellenic will hold the rest, it said in a bourse filing.
Source: Reuters (Reporting by Angeliki Koutantou; Editing by Kirsten Donovan)