The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) has announced that, on 10 September 2025, the deadline expired for the submission of bids regarding the international invitation to tender for the concession of hydrocarbon exploration and exploitation rights for the blocks 'A2', 'South of Peloponnese', 'South of Crete 1' and 'South of Crete 2'. The Joint Venture Chevron/HELLENiQ ENERGY submitted bids for all four areas.
As per due process, the HEREMA Board of Directors convened on 10 September 2025 to form the Evaluation Committee that was scheduled to meet 11 September to unseal the submitted bids. The Committee comprises respected scientists and professionals of the hydrocarbon sector, carrying significant experience and expertise.
Commenting on developments HEREMA CEO, Aristofanis Stefatos, stated: 'HEREMA, in close collaboration with the competent Ministry of Environment and Energy, conducts the Invitation to Tender for new concessions for hydrocarbon exploration and exploitation with transparency and consistency. The submission of a binding offer on behalf of the Joint Venture between Chevron (operator) and HELLENiQ ENERGY reflects the resounding success of relevant efforts since 2022, and marks the entry into the Greek market of a company with leading expertise in deepwater projects around the world, strong financial capacity, and long-standing experience in the Eastern Mediterranean. The ITT process is being successfully implemented within the national and European institutional framework, Greece’s national commitments, and the relevant timelines. The Evaluation Committee established by the HEREMA Board of Directors will thoroughly review the submitted bids, always taking into consideration the public interest.'
After the conclusion of the evaluation process, HEREMA will submit its advisory to the Ministry of Environment and Energy in order for the next steps to follow.
Source: HEREMA
