Energy giants Total and Eni have submitted a joint bid for another license to explore and exploit oil and gas offshore Cyprus despite warnings from Turkey, Cypriot authorities said Monday.
In October, Cyprus decided to invite France’s Total, Italy’s Eni and ExxonMobil to bid for unclaimed block 7 of its exclusive Economic Zone (EEZ).
“An application was received on November 26, as part of the procedure for a Hydrocarbon Exploration License for Block 7, by Total / Eni,” said a Cyprus Energy Ministry statement on Monday.
“In the coming days, the application will be examined by the Advisory Committee, which will prepare an Introductory Report for the Minister for Energy. Subsequently, the Minister will present a proposal to the Council of Ministers, where the relevant decisions will be taken,” it added.
Last month, Cypriot Energy Minister George Lakkotrypis said that, due to its geology, firms have expressed an interest in block 7 and so it was decided to invite companies, that already have licences in neighbouring offshore blocks, to express an interest.
In October, Cyprus decided to invite France’s Total, Italy’s Eni and ExxonMobil to bid for unclaimed block 7 of its exclusive Economic Zone (EEZ).
“An application was received on November 26, as part of the procedure for a Hydrocarbon Exploration License for Block 7, by Total / Eni,” said a Cyprus Energy Ministry statement on Monday.
“In the coming days, the application will be examined by the Advisory Committee, which will prepare an Introductory Report for the Minister for Energy. Subsequently, the Minister will present a proposal to the Council of Ministers, where the relevant decisions will be taken,” it added.
Last month, Cypriot Energy Minister George Lakkotrypis said that, due to its geology, firms have expressed an interest in block 7 and so it was decided to invite companies, that already have licences in neighbouring offshore blocks, to express an interest.
