Its proposal is expected in the first half of 2025 ExxonMobil to carry out research drilling in the marine areas west and south-west of Crete, for which the interpretation of the data from the previous seismic surveys is in progress, said the managing director of HELLENiQ Andreas Siamisiis during the presentation of the 9 month results to the analysts.

The tenant in both areas is the Consortium of ExxonMobil (70 %) with HELLENiQ Upstream (30 %). Similarly, as he mentioned, the processing and interpretation of the data for the marine areas in the Ionian Sea is in progress.

In the coming weeks, it is also expected to close the pending matters with the Elpedison and the DEPA Trade.

The first is a joint company of HELLENiQ with the Italian Edison that is active in the production and trading of electricity and natural gas.

Negotiations are underway between the two partners to determine the price for control to pass to one of the two sides. In DEPA Emporias, HELLENiQ participates with 35%, while 65% belongs to TAIPED. The tender that had been announced for the sale of the company has been declared barren and as Mr. The cooperation model of the next day or the exit from the business is equally expected.

The main objective of HELLENiQ is to obtain control over the main activities in which it participates.

Finally, with reference to the development in the field of renewable sources, it was emphasized that before the end of the year, an additional 120 megawatts of photovoltaics will be put into operation, with which the “green” power of the group will reach 500 megawatts. By the middle of 2026 it is expected to reach 1 gigawatt while the investments planned in 2025 will reach 400-450 million. euro.