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Block 2 Concession Project in Ionian Sea

Sector: Raw Materials • Location: Italy

Source: GuruFocus

Project
Planned

ExxonMobil has secured a 60% stake in the Block 2 concession in the Ionian Sea near Italy's Exclusive Economic Zone. The project involves exploration and potential development of hydrocarbons. Energean will operate the exploration phase, and ExxonMobil will take over operations if hydrocarbons are discovered during development. Exploratory drilling is anticipated to begin between late 2026 and ear

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Project Information

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The project “Block 2 Concession Project in Ionian Sea” is an infrastructure initiative in the Raw Materials sector, located in Italy. Taiyo aggregates data on it from GuruFocus.

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Participants

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Status

Original status

planned

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Description

Description

ExxonMobil has secured a 60% stake in the Block 2 concession in the Ionian Sea near Italy's Exclusive Economic Zone. The project involves exploration and potential development of hydrocarbons. Energean will operate the exploration phase, and ExxonMobil will take over operations if hydrocarbons are discovered during development. Exploratory drilling is anticipated to begin between late 2026 and early 2027, pending governmental approvals and permit acquisition.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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