Chevron to Conduct Seismic Surveys South of Crete

Chevron and ExxonMobil are advancing their plans to explore hydrocarbons in Greek waters, with significant implications for Crete.

The US energy giants have completed lease agreements for four offshore concession areas, including South of Crete 1 and South of Crete 2, where Chevron will conduct seismic surveys using 2D and 3D techniques from December 2026. The data collected will help determine if there are geological structures worth investigating further.

The key distinction is that seismic surveys do not involve drilling, which means Chevron has not announced any plans to drill in the area. This process can be seen as a major development for Crete, which is becoming part of Greece's emerging offshore energy picture.