HELLENIC PETROLEUM SOUTH WEST CRETE EXPLORATION & PRODUCTION OF HYDROCARBONS SINGLE MEMBER S.A. is a 100% subsidiary of HELLENIC PETROLEUM EXPLORATION AND PRODUCTION OF HYDROCARBONS HOLDING S.A. The international joint venture of Hellenic Petroleum S.A. (20%), Total E&P Greece B.V. (40%) and ExxonMobil Exploration & Production Greece (Crete) B.V. (40%) owns hydrocarbon exploration and exploitation rights for two offshore areas the “West Crete” and the “North west Crete” The Greek Parliament ratified both Lease Agreements on October 3rd of 2019 (Act of Law 4628 and 4631/10.10.2019).

The main objective of HELPE NORTHWEST CRETE, as a member of the Hellenic Petroleum Group, is the exploration of hydrocarbons in the concession area and their future exploitation in favor of the country and local communities with the outmost respect to the environment and the local commercial or social activities. Both exploration and exploitation activities of hydrocarbons are governed by a strict institutional framework to minimize the environmental footprint of operations.