NYSE:CVXOil and Gas
What Chevron (CVX)'s New Ultra-Deepwater Greek Leases Mean for Its Eastern Med Strategy
In February 2026, HELLENiQ ENERGY, in collaboration with Chevron, signed Lease Agreements with the Hellenic Republic to explore four ultra-deepwater offshore blocks south of Crete and the Peloponnese, covering about 47,000 square kilometers, with Chevron holding a 70% operating interest and HELLENiQ ENERGY 30%.
This move deepens Chevron’s footprint in the Eastern Mediterranean, adding large, complex exploration acreage to a regional portfolio that already includes producing gas fields in...