The Ministry of Environment, Energy & Climate Change (YPEKA) provisionally awarded Block 10 to Hellenic Petroleum on 27 September 2018. Hellenic Petroleum will now finalise the contract with the state regulator Hellenic Hydrocarbon Resource Management (HHRM) before the award is formally ratified. Block 10 covers 3,422 sq km in the Katakolos Gulf to the west of Peloponnese, and 15 km S of West Katakolon Field (Energean Op). It was offered in the 2nd International Licensing Round 2014 and YPEKA confirmed on 6 December 2016 that Hellenic Petroleum was the preferred bidder. The Greek state is currently selling a majority stake in Hellenic Petroleum however it is understood that the state will separate the E&P division to retain a controlling interest.
Greece, Block 10