For more than 40 years
HELPE Upstream and its people have been the driving force behind oil exploration in our country. The company (1975-1986 DEP, 1986-1998 DEP-EKY, 1998 ELPE) grows, invests, develops continuously by developing strategies tailored to the business environment.
However, the key and unalterable factor is always "her people", because without diligence and personal stamp research there is no exploration. All these years, we at HELPE Upstream strive and work together in faith in our vision of finding oil and/or gas and creating value for both the country and the local communities.
In the past, our research had confirmed the existence of an oil system in the country. In recent years, by incorporating the data we already had with the latest marine seismic data, we are creating new geological models and, consequently, new business opportunities.
HELPE Upstream, with clear business criteria, lays the groundwork for hydrocarbon exploration in the country, attracting the world's largest oil companies as partners and continues to be the national leader in hydrocarbon exploration and production.
HELPE Patraikos
HELPE Patraikos Exploration and Production of Hydrocarbons Single Member S.A., participates as a 50% Operator in a consortium with EDISON International S.p.A. (50%), in the Lease Agreement with the Greek State in the marine area of the West Patraikos Gulf, (total area of 1,419 sq. km in the second exploration phase).
The Lease Agreement was ratified by the Greek Parliament and has the force of law (Law 4299/3.10.2014). The Lease Agreement covers an eight (8) year exploration period, divided into three separate phases, and in the case of a commercial discovery a twenty five (25) year development and production phase of the deposits is foreseen.
HELPE Arta-Preveza
HELPE Arta - Preveza Exploration and Production of Hydrocarbons Single Member S.A., holds full rights to explore and produce hydrocarbons deriving from the Lease Agreement with the Greek State in the Arta - Preveza onshore area of 4.762,9 sq. km. The Lease Agreement was ratified by the Greek Parliament and has the force of law (Law 4526 / 16.03.2018).
The Lease Agreement covers a seven (7) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE Northwest Peloponnisos
HELPE NW Peloponnisos Exploration and Production of Hydrocarbons Single Member S.A., owns all the rights to explore and produce hydrocarbons deriving from the Lease Agreement with the Greek State in the onshore area of Northwest Peloponnese, total area 3,778.3 sq. km. The Lease Agreement was ratified by the Greek Parliament and has the force of law (Law 4527 / 16.03.2018).
The Lease Agreement covers a seven (7) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE Kyparissiakos
HELPE Kyparissiakos Gulf Exploration and Production of Hydrocarbons Single Member S.A., owns all the rights to explore and produce hydrocarbons deriving from the Lease Agreement with the Greek State in the offshore area of Kyparissiakos Gulf (Block 10), total area 3.420,6 sq. km. HELPE Kyparissiakos Gulf S.A. (100%, Operator) officially signed the Lease Agreement with the Minister of Environment & Energy on April 9, 2019 and on October 3, 2019, the Greek Parliament ratified (Law 4630 / 10.10.2019).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE Ionian
The International Joint Venture HELPE Ionian S.A. (50%) - Repsol Exploracion S.A. (50%, Operator) officially signed the lease agreement with the Minister of Environment & Energy on April 9, 2019 to grant hydrocarbon exploration and production rights in the Ionian Sea area, of a total area of 6,671,13 sq. km. On 3 October 2019, the Lease Agreement was ratified by the Greek Parliament (Law 4629 / 10.10.2019).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE West Crete
The International Joint Venture, ΗELPE West Crete S.A. (20%) - TOTAL E&P Greece B.V. (40%, Operator) - ExxonMobil Exploration & Production Greece (Crete) B.V. (40%), officially signed the Lease Agreement on June 27, 2019, for the grant of exploration and production rights in the marine area of "West Crete" of a total area of 20,058.4 sq. km. The Greek Parliament ratified the Lease Agreement on 3 October 2019 (Law 4631, 10.10.2019).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE Southwest Crete
The International Joint Venture, HELPE Southwest Crete S.A. (20%) - TOTAL E&P Greece B.V. (40%, Operator) - ExxonMobil Exploration & Production Greece (Crete) B.V. (40%) officially signed the lease agreement with the Minister of Environment & Energy on June 27, 2019, for the grant of exploration and production rights in the marine area "Southwest Crete", of a total area of 19,868,37 sq. M. The Greek Parliament ratified the Lease Agreement on October 3, 2019 (Law 4628, 10.10.2019).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE West Kerkyra
The International Joint Venture HELPE West Kerkyra S.A. - Total E&P Greece B.V. (50% operator), Edison International Spa (25%) owns hydrocarbons exploration and exploitation rights for the offshore area (Block 2), of 2,422.1 sq. km west of Corfu. The Greek Parliament has ratified the Lease Agreement on March 15th of 2018 (Law 4525, 15.03.2018).
The Lease Agreement covers an eight (8) year exploration period, which is divided into three separate phases, and in the case of a commercial discovery a twenty-five (25) year development and production phase of the deposits is foreseen.
HELPE Thrakiko Pelagos
HELPE Thrakiko Pelagos Exploration and Production of Hydrocarbons Single Member S.A., owns 25% of the hydrocarbon exploration and production rights in the Lease Area of «Sea of Thrace» of a total area of 1,600 sq. km in north Aegean Sea.
Calfrac Well Services, which acts also as Operator, own the remaining 75%.