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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
04/28/201611:46:08Noble Energy Declares Quarterly Dividend
04/27/201616:44:25Current Report Filing (8-k)
04/21/201608:58:00CONE Midstream Increases Quarterly Cash Distribution
04/14/201606:10:40Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/13/201611:55:54Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/11/201614:52:00CONE Midstream Schedules Earnings Release And Conference Call...
04/08/201609:45:00Noble Energy Abandons Well in Gulf of Mexico
04/08/201608:10:00Noble Energy Provides Gulf of Mexico Drilling Update
03/29/201616:03:28Statement of Changes in Beneficial Ownership (4)
03/28/201616:15:00Noble Energy Announces Its First Quarter 2016 Earnings Webcast...
03/28/201603:02:00Israeli Court Blocks Gas Deal
03/27/201621:40:00Israel Supreme Court Rules Against Offshore-Gas Deal
03/27/201620:43:37Israel Supreme Court Rules Stability Provisions to be Addressed...
03/27/201620:02:00Israel Supreme Court Rules Against Offshore-Gas Deal
03/27/201615:34:00Israel Supreme Court Rules Against Offshore-Gas Deal
03/11/201608:26:18Additional Proxy Soliciting Materials (definitive) (defa14a)
03/11/201608:25:08Proxy Statement (definitive) (def 14a)
03/08/201616:05:06Statement of Changes in Beneficial Ownership (4)
02/29/201611:36:00CONE Midstream Announces Investor Conference Participation
02/19/201609:07:00CONE Midstream Files 2015 Annual Report on Form 10-K

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