Hellenic Petroleum about the natural gas field in Crete
- 1 November, 2019
Hellenic Petroleum has issued a clarifying statement on natural gas deposits in the marine area of Crete .
The report states in detail: "Although there are indications or estimates for gas and oil in many parts of the world, the conclusion of whether or not there are commercially viable reserves requires a series of serious work and analysis that requires considerable time.
In Greece today, with the data we have, HELLENIC PETROLEUM are not yet able to refer to the existence, size of the deposits and whether they are economically viable. Note that in many of the areas for which there are publications, investigations have not even begun.
It is common, at various conferences and meetings, to refer to indications and estimates for the presence of hydrocarbons, to exchange views and scrutinize them, but these must be interpreted in the correct way and cannot form the basis for any announcement about the existence of deposits.
As HELLENIC PETROLEUM, we consider it very important to communicate to the relevant authorities of the country, investors and citizens based only on real data, in order to avoid premature assessments and hasty conclusions."
From: http://www.haniotika-nea.gr/ta-ellinika ... tin-kriti/
All the best,