Stena Drilling will supply the drillship Stena DrillMAX for Greece's inaugural deepwater exploration well, under a contract awarded by operator Energean. The operation is scheduled to commence in early 2027.

Contract Details and Location

The contract is for one firm well in Block 2, situated in the north-western Ionian Sea. The project includes a specific managed pressure drilling requirement. This award follows previous successful collaborations between Stena Drilling and Energean on multiple campaigns in Israel and Morocco.

Prospect and Partnership

The target for the well is the Asopos prospect, which Energean states has the potential to contain approximately 9.5 trillion cubic feet of gas in place. This structure is reported to be the largest undrilled one in the Mediterranean Sea. The Block 2 partnership consists of Energean (30%), ExxonMobil (60%), and HelleniQ Energy (10%). ExxonMobil is designated to assume operatorship if the project progresses to the field development phase.