ExxonMobil to acquire a majority stake in the Block 2 concession from Energean Oil & Gas and HELLENiQ ENERGY.

ExxonMobil, an American multinational oil and gas corporation, agreed to acquire a 60% stake in the Block 2 concession, a hydrocarbon exploration block in Greece, from Energean Oil & Gas, an international exploration and production company, and HELLENiQ ENERGY, a Greek energy company. Financial terms were not disclosed. "We look forward to working with the Greek government and our partners to evaluate the exploration potential of Block 2 in a safe, effective and environmentally responsible manner. This significant exploration agreement paves the way for potential future exploratory drilling investments in the 2027 timeframe," John Ardill, ExxonMobil Vice President.