HELPE N.W. Peloponnisos, a 100% subsidiary of Hellenic Petroleum S.A., participates as Operator (100%) to the Lease Agreement with the Greek State for the onshore block of N.W. Peloponnisos, a total area of 3.778,3 sq. km.

The Lease Agreement has been ratified by the Greek Parliament and has the force of Law (L. 4527/16.03.2018). According to the Agreement, there is an exploration period of seven (7) years, which is separated in three phases and in case of a commercial discovery there will be an exploitation period of hydrocarbons for twenty-five (25) years.

The main objective of HELPE N.W. Peloponnisos, as a member of Hellenic Petroleum Group, is the exploration of hydrocarbons in the area of Northwest Peloponnisos and their future exploitation in favor of the country and the local communities with fully respect to the environment and the local commercial or social activities. A key element of environmental policy is upholding Greek and European legislation, which is constantly reviewed and sets strictest environmental operation requirements.