NYSE:CVXOil and Gas
Chevron (CVX) Takes 70% Of Greece's Block 10 In Deepwater Push
Chevron (NYSE:CVX) has agreed to acquire a 70% stake and operatorship in Greece's offshore Block 10 in the Southern Ionian Sea.
The remaining 30% interest will be held by HELLENiQ ENERGY as Chevron's partner in the concession.
The Block 10 transaction expands Chevron's deepwater exploration presence in the Eastern Mediterranean and adds a new country to its portfolio.
For investors watching Chevron, this Block 10 deal adds a fresh chapter to the company's offshore exploration story. The...