Three energy giants to look for oil in Northern Ionian Sea
The Total, Statoil and EXXON expressed interest in conducting seismic surveys in the waters of the northern Ionian sea, specifically in the "bow" Kefalonia, Corfu, Italy. Overall, the area of 220,000 sq. km from Othonous to the Libyan Sea. It is de facto exercise of sovereignty in view of future developments on the issue of the EEZ.
The marine seismic surveys is expected to be completed in late January to locate oil in the Ionian Sea and the south of Crete. Greece has already received the first money from selling fuel oldest data for 700,000 euros. In April, if everything goes smoothly, the government will choose the company that will commence exploratory drilling in these areas. Developing the land and call for interest to companies not expected to be completed before the end of 2014, while the first exploratory drilling probably will not be before 2017 to 2018. Note that the average successful outcome in 20% -25%.
Source: http://www.protothema.gr