Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.)

About Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.)

Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.) was established in 2011 and is headquartered in Athens. It is a state-owned company with the Hellenic State being the sole stakeholder (100%), however it operates independently as a private-sector economic entity. HEREMA S.A. is a rapidly growing company providing an innovative and effective management in a wide spectrum of activities: Exploration & Production concessions, overview of the signed lease agreements, offshore safety, and active promotion of Greece as an attractive oil and gas destination to international investors. HEREMA S.A. offers the possibility to interested investors to visit its proprietary data rooms and offers them the opportunity to examine high quality seismic imaging and legacy data, as well as to provide information about the licensing, legal and fiscal regime for oil and gas operations in Greece. HEREMA S.A. has a unique technical knowledge of the key regions with high hydrocarbon prospectivity and can assist the industry in making more informed exploration decisions. HEREMA S.A. is the sole proprietor of a data library comprising 179 wells, recently acquired offshore 2D seismic data, legacy reprocessed 2D and 3D offshore and onshore data, including both proven and frontier petroleum systems. HEREMA is also designated the competent national authority for the licensing and monitoring of CCS projects as well as for other gas and liquid storage projects (UGS). HEREMA was also designated the competent national authority for the research, exploration and selection of Organized Offshore Development Areas for Wind Farms and installation areas, and the granting of research and exploitation rights for these projects, further expanding our company’s scope.