06.04.2017 15:12
Exploratory drilling is set to take place in block 11 of Cyprus’ Exclusive Economic Zone (EEZ) in the first two weeks of July, a top Total official said, on Thursday.
Eleanor Rowley, Total’s VP of Exploration, MENA region, was addressing a ceremony, at the Presidential Palace, during which the contracts for exploration and production sharing for blocks 6 and 8 within Cyprus’ EEZ were signed.
“I’m happy to say that this will be the first test of the Zohr play in Cypriot waters. So we are very excited to operate this well along with our partners ENI,” she said.
DEC 29, 2016 @ 07:50 PM Christopher CoatsContinuing to expand its footprint in the Eastern Mediterranean, Italy's Eni has won two exploration blocks in waters near Cyprus this week as a part of a "competitive international bid round", according to media reports.
The announcement relates to the company's acquisition of Block 8 and a 50% stake in Block 6, with the remainder going to project partner, Total SA TOT.
The announcement signals an expanded presence in the region, building on existing stakes in Cyprus and a significant stake in a "super giant" gas discovery in nearby Egypt. According to the report, Eni has already been awarded blocks 2,3 and 9 in a 2012 bid round.
