Follow Greece Immigration and Greece Economy: Recently, the Norwegian company PGS released survey data on oil and gas reserves in western Greece, attracting the attention of major oil companies. Areas with significant projected reserves include the region northwest of Paxi Island and west of Corfu Island in the northern Ionian Sea, the Katakolo region off the western coast of the Peloponnese Peninsula, and the Ioannina region in northwestern Greece.

The exploration activities by the Norwegian company PGS will continue until mid-2014. France's Total and Hellenic Petroleum have already invested in purchasing the relevant data from PGS.



