On a Quest to Transform Natural Resources into Energy for the Benefit of Society.
Hydrocarbon exploration in Greece commenced at the turn of the 20th century. The first significant discoveries were made in the 1970s in the Gulf of Kavala, in Northern Greece, with the Prinos oil field and South Kavala gas field. Exploration works continued over the next two decades, intensifying in the 1990s with extensive geological research resulting in the discovery of the Katakolo oil field in the northwestern Peloponnese and the Epanomi gas field in an area adjacent to the city of Thessaloniki.
While several energy majors participated in exploration efforts over the years, progress in the sector slowed until major gas discoveries were made in the Eastern Mediterranean Sea in neighbouring Israel, Cyprus, and Egypt.