Two privately-owned players, Athens-based junior Energean Oil & Gas and British Virgin Island-registered Grekoil Energy Ventures, each submitted bids for Katakolon in mid-2012.
An informed source in the Greek government told Upstream that both bids were “inadequate”.
As a result, the government asked Energean and Grekoil — a subsidiary of Cyprus-based Comtrack — to submit a joint bid.
“The bid evaluation committee decided the best way was to call for a forced marriage of the two bidders,” said the source familiar with the workings of Greece’s Ministry of Environment, Energy & Climate Change.
It
