Total and Eni expand their presence in Cyprus EEZ

The Council of Ministers of the Republic of Cyprus approved the agreement with Total and Eni to assign them the exploration and exploitation rights of block 7 in Cyprus EEZ. At the same time the council approved the expand of the French company (TOTAL) in all the other blocks which were assigned to Eni in previous bidding rounds. Those blocks are the 2, 3, 8 and 9 reminding that TOTAL is already present in blocks 6 and 11.

The Council approved the proposal of the Energy Minister G. Lakkotrypis for the drilling program in the next two years. The drilling program includes 9 wells with 5 exploration and 4 appraisals. The 4 appraisal wells will be performed in the fields Aphrodite, Calypso and Glafcos while the exploration ones will be performed in blocks 6,7 and 10.

Source:

http://www.philenews.com/eidiseis/politiki/article/751103/-kleidosan-ennea-gotriseis-kai-eggrithike-i-total