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Eight Companies Bid To Survey For Oil Off Greece

ATHENS -(Dow Jones)- Greece received expression of interest from eight companies to conduct seismic and geological surveys for oil in its western seas, as Athens seeks resources to cut its energy imports bill, the energy ministry said Friday. The bidders are: Norway's TGS-NOPEC Geophysical Co. ASA (TGS.OS), Fugro Multiclient Services AS, Spectrum Geo Ltd., Dolphin Geophysical and Petroleum Geo-Services, U.S. company ION Geophysical Corp. (IO), France's CGG Veritas (CGV) and the U.K.'s Spec Partners Ltd., a ministry statement said. The firms are interested in conducting seismic research for hydrocarbons in the Ionian Sea and the sea south of the island of Crete. The evaluation of tenders will be completed by early April, so that the successful bidder or bidders can proceed immediately with research and then interpret the data that will arise, the statement says. The Greek Energy Ministry aims to launch a tender for exploration and exploitation of hydrocarbons in the area by the end of the year. Battered by recession, Greece is dependent more than most European countries on oil and gas imports. It spends between EUR10 billion and EUR12 billion a year on oil imports, about 5% of its gross domestic product. It produces a few thousand barrels of oil a day in the northern Aegean Sea and consumes about 120 million barrels of oil and 4 billion cubic meters of natural gas annually. Previously attempts at oil research have been partially suspended over disputes with Turkey over territorial rights to the Aegean waters. Greece aims to start the first test drilling for oil in undisputed waters of the west coast. Recently, Noble Energy Inc. (NBL) announced five natural-gas discoveries near Cyprus, building on a string of successes in the eastern Mediterranean. The gas finds are estimated at 33 trillion cubic feet. -By Nektaria Stamouli, Dow Jones Newswires; +30 210 373 1775; nektaria.stamouli@dowjones.com

Stock News for Noble (NBL)
DateTimeHeadline
08/26/201608:00:00Noble Energy to Present at Upcoming Energy Conference
08/16/201616:46:45Statement of Changes in Beneficial Ownership (4)
08/16/201616:40:48Statement of Changes in Beneficial Ownership (4)
08/04/201606:45:00CONE Midstream Reports Second Quarter Results and Increases Guidance
08/03/201612:41:32Quarterly Report (10-q)
08/03/201609:43:00Noble Energy's Loss Widens
08/03/201607:41:02Current Report Filing (8-k)
08/03/201607:00:00Noble Energy Announces Strong Second Quarter Results, Raises...
07/29/201616:09:19Current Report Filing (8-k)
07/28/201616:14:44Current Report Filing (8-k)
07/26/201612:32:05Noble Energy Declares Quarterly Dividend
07/22/201606:45:00CONE Midstream Increases Quarterly Cash Distribution
07/21/201607:32:07Noble Energy Commences Production at Gunflint in the Gulf of...
07/11/201608:59:00CONE Midstream Schedules Earnings Release and Conference Call...
07/07/201607:50:46Noble Energy Announces Second Quarter 2016 Sales Volumes of...
07/05/201609:59:00Correction to Noble to Sell 3% Interest in Tamar Field Article
07/05/201609:22:00Noble Energy to Sell 3% Interest in Tamar Field
07/05/201607:00:00Noble Energy Sells Three Percent Interest in Tamar Field, Offshore...
06/27/201616:33:31Statement of Changes in Beneficial Ownership (4)
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf

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