As per ministerial decree dated 7 December 2018 Global MED was awarded the contiguous F.R 44.GM and F.R 45.GM exploration permits located in the Ionian Sea on the maritime boundary with Greece. The contracts are valid for six years divided in three exploration phases. During the first phase the company is committed to acquire 300 km of 2D seismic over the acreage (within 12 months from the award). The second phase and third phases will involve a 3D seismic survey and an exploratory well, both subject to individual environmental impact assessments (EIA). The main objective in the area is oil in the Cretaceous to Eocene carbonates of the Apulian Platform. The northern part of the acreage is adjacent to Block 02 operated by Total offshore Western Greece.  Colorado-based Global MED applied for the d89F.R-.GM and d90F.R-.GM (now F.R 44.GM and F.R 45.GM) adjoining exploration permits on 17 December 2013. The as yet undrilled blocks cover 745 sq km and 749 sq km respectively, in deep waters from 400 m to 1,100 m between 22 km and 56 km off Cape Santa Maria de Leuca, which marks the southernmost end of the Lecce province, Puglia region. The company was granted environmental clearance for the 2D seismic survey in mid-2017.  Global MED LLC holds a 100% interest in the F.R 44.GM and F.R 45.GM applications for exploration permits.
Global MED was awarded the F.R43.GM (Sibari-Crotone B.) and F.R 44.GM and F.R 45.GM offshore exploration permits in Ionian Sea for six years. 