An international public invitation for participation in non-exclusive seismic surveys on the continental shelf of western and southern Greece - the Ionian Sea region and the sea region south of the island of Crete respectively - was published on Monday as announced by Prime Minister George Papandreou, within the framework of the 76th Thessaloniki’s International Fair (TIF) on Sunday.
According to a decision signed by the deputy environment, energy & climate change, all interested companies will proceed with seismic surveys in the stated regions, and based on the timetable, an International Licensing Round of Hydrocarbon Exploration and Exploitation will be announced in 2012.