HELLENiQ UPSTREAM WEST KERKYRA SINGLE MEMBER SOCIETE ANONYME is a 100% subsidiary of HELLENiQ UPSTREAM HOLDINGS SINGLE MEMBER SOCIETE ANONYME and holds 25% interest in the exploration and production rights of the offshore area Block 2, west of Corfu Island. The Lease Agreement was ratified by the Greek Parliament in 15 March 2018 (Official Government Gazette Α’ 47/15.03.2018). The partner of HELLENiQ UPSTREAM WEST KERKYRA in Block 2 is ENERGEAN HELLAS Ltd (75%, Operator). The block covers an area of 2.422km².

The main objective of HELLENiQ UPSTREAM WEST KERKYRA, as a member of HELLENiQ ENERGY 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.