Chevron Expands Mediterranean and North African Exploration with Deals in Greece and Libya

Chevron and HELLENiQ ENERGY will enter four exploration blocks in Greece. The consortium targets ultra-deepwater hydrocarbon exploration in the Mediterranean. The deal awaits parliamentary ratification.

Chevron acquired an onshore exploration block in Libya. The acquisition diversifies the company's North African upstream portfolio.

These agreements add geographic and geological variety to Chevron's exploration assets. The strategy creates future production options rather than immediate output.