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| Current and potential companies in Cypriot EEZ (Dec 2016) |
December 15, 2016
Elias Hazou
Elias Hazou
The government will next week name the companies with which it will engage in talks with a view to awarding them offshore exploration concessions, energy minister Giorgos Lakkotrypis said on Thursday.
The selection of the preferred bidders does not mean that the same will be awarded the concessions.
A final decision – awarding concessions or not, and for which offshore blocks – is expected around late February.
Cyprus launched its third offshore licensing round in May 2016. Three blocks (6, 8 and 10) have been put up for auction.
Eight energy companies filed six bids for the three offshore blocks as follows: Block 6: ENI/Total; Block 8: ENI, Cairn/Delek; and Block 10: ENI/Total, ExxonMobil/Qatar Petroleum (QP), Statoil.
