Elias Hazou
THE consortium granted the marine services concession at the port of Limassol is very close to an agreement with oil and gas services company EDT Offshore, the Cyprus Mail has learned.
The deal, which sources said was imminent, would clear the path for oil major Total to drill their first exploratory well in Block 11 of Cyprus’ Exclusive Economic Zone.
“An arrangement between EDT and G.A.P. Vassilopoulos and P&O Maritime is expected sometime over the next few days,” sources apprised of the matter said.
It would allow EDT to provide Total with onshore logistical support out of the port of Limassol for a period of two years, effective immediately until the end of 2018.
The sources declined to elaborate pending the deal being finalised.
THE consortium granted the marine services concession at the port of Limassol is very close to an agreement with oil and gas services company EDT Offshore, the Cyprus Mail has learned.
The deal, which sources said was imminent, would clear the path for oil major Total to drill their first exploratory well in Block 11 of Cyprus’ Exclusive Economic Zone.
“An arrangement between EDT and G.A.P. Vassilopoulos and P&O Maritime is expected sometime over the next few days,” sources apprised of the matter said.
It would allow EDT to provide Total with onshore logistical support out of the port of Limassol for a period of two years, effective immediately until the end of 2018.
The sources declined to elaborate pending the deal being finalised.
