Total and Edison Sign Lease for Exploration off Greece -Reuters

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A consortium that led by Total signed an oil-and-gas exploration lease for a block in the Ionian Sea on Tuesday with the Greek government, Reuters reports.

--France's Total will have a 50% stake in the block, while Italy's Edison and Greece's Hellenic Petroleum will each hold 25%, it said.

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--Greece's parliament must ratify the agreement before exploration can begin, according to Reuters.

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(END) Dow Jones Newswires

October 31, 2017 12:38 ET (16:38 GMT)