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HELPE Sea of Thrace Exploration and Production of Hydrocarbons, a 100% subsidiary of Hellenic Petroleum S.A., has 25% interest in the exploration rights of the Thrace Sea concession in Northern Aegean Sea, covering a total area of approximately 1,600 km2. Calfrac Well Services is the Operator of the concession, holding 75% interest.

The main objective of HELPE Sea of Thrace, as a member of 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 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.

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