Environment and Energy Minister Stavros Papastavrou announces the successful completion of the bidding process under the international public tender for the award of licences to acquire and process seismic data on a non-exclusive basis (non-exclusive seismic data) in offshore areas in western and southern Greece. The submission deadline was Monday, 9 November 2026.
A total of 3 bids were submitted in the tender by reputable international companies with extensive experience in the field.
In line with the prescribed procedure, the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) will establish an Evaluation Committee by decision of its Board of Directors. The committee will open and assess the bids in accordance with the terms of the tender. Once the evaluation is complete, HEREMA will submit its recommendation to the Ministry of Environment and Energy.
Leadership statements
Commenting on the completion of the bidding phase, Stavros Papastavrou said: “The strong international interest in seismic surveys in Greece, reflected in the submission of three bids by reputable international companies, is a vote of confidence in our country’s prospects. It confirms that hydrocarbon development is maturing beyond the oil companies already operating in our country. Greece is pursuing the exploration and development of its energy resources with a plan, consistency and confidence. The new seismic surveys will give us a fuller picture of the potential of Greek waters and further boost international investor interest. With respect for the environment and the rules of international law, we are working to turn our country’s potential energy wealth into a tangible benefit for all Greeks”.
HEREMA Chief Executive Officer Aristophanes Stefatos said: “The acquisition and processing of new data using the most advanced technologies will help create a more comprehensive database covering both licensed and unlicensed offshore areas. This is an important prerequisite for further assessing our country’s prospects and attracting investor interest”.