Helleniq Energy: Ionian Sea exploratory drilling may be expedited

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The anticipation of accelerating an exploratory drilling task successful the Ionian Sea was indicated successful the briefing to analysts connected Helleniq Energy’s first-quarter fiscal results.

“We are committed to proceeding with the drilling cognition successful the bluish Ionian, west of Corfu, which will take spot either successful the 4th fourth of this year oregon successful the archetypal 4th of adjacent year. At that point, we will cognize whether there is something worth exploring further,” said the group’s CEO Andreas Shiamishis.

Under the erstwhile timetable, the drilling had been scheduled for February 2027. The exploration consortium includes Energean and ExxonMobil.