Chevron awarded four offshore leases for Greece exploration blocks - CHEVRON

Supports strategy to enhance exploration portfolio and efforts in Mediterranean region

HOUSTON, February 16, 2026 - Chevron Corporation (NYSE: CVX), via its four Dutch subsidiaries, together with HELLENiQ ENERGY has today signed Lease Agreements with the Hellenic Republic which will enable exploration of four blocks offshore Greece.

The blocks are located south of Crete (South Crete 1, South Crete 2) and within the Peloponnese (South of Peloponnese, and Block A2). The awarded consortium, in which Chevron holds a 70% operating interest and HELLENiQ ENERGY a 30% interest, was selected following an international call for tender launched by the Greek government in 2025.

"This is another important milestone for Chevron as we continue building momentum in the Mediterranean region, an area where we already have a significant position and are actively pursuing exploration opportunities to further strengthen and expand our portfolio," said Kevin Mclachlan, Vice President of Exploration at Chevron.

Chevron to begin hydrocarbon drilling in 2026 - KATHIMERINI

01.04.2025 • 23:36

US energy giant Chevron is set to launch its first exploratory drilling for hydrocarbons south of Crete in 2026, Environment and Energy Minister Stavros Papastavrou said on Monday.

“This depends on the company’s scheduling, but I believe that if we move forward with the procedures within the year, we will see the first drilling in 2026,” the minister said on Action24 TV.

Papastavrou discussed energy cooperation with US Interior Secretary Doug Burgum, who also chairs the National Energy Dominance Council. Their talks focused on Greece-US strategic ties and recent developments in energy projects, including Chevron’s interest in offshore blocks “South Crete I” and “South Crete II.”