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OUR COMPANY

HELPE Patraikos, a 100% subsidiary of HELLENiQ UPSTREAM HOLDINGS S.A., participated as Operator (50%), to the Lease Agreement with the Greek State in the offshore block of Patraikos Gulf (West), a total area of 1.892km². The Lease Agreement ratified by the Greek Parliament and has the force of Law (Ν. 4299/3.10.2014).

During the first exploration phase, exploration works were carried out exceeding the minimum contractual obligations, including new regional two-dimensional (2D) seismic lines of 325km in total, and a new 3D marine seismic acquisition survey covering an area of 1,822km². Data on existing seismic lines with a total length of 2,000 km were also reprocessed. Furthermore, geological, geophysical and environmental studies were carried out in order to understand the geology of the area and define potential hydrocarbon deposits.