Repsol has obtained a 60% interest and the operatorship in the Ionnina block in western Greece through a farm-in agreement with Energean Oil & Gas. The agreement also gives Repsol a 60% farm-in interest in the Aitoloakarnania block in western Greece, with the transfer of interest to take effect upon approval of the lease agreement by the Hellenic Parliament. The two blocks cover 3,300 square miles and are situated in the Hellinide fold belt, which hosts the prolific Ionian Basin and Apulian platform and are on trend with recent discoveries in Albania.
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