Ma­jor in­ter­est in Cypriot blocks

Kathimerini English - - Front Page -

Cyprus re­ceived ex­pres­sions of in­ter­est from ENI, To­tal, Sta­toil, Exxon Mo­bil, Qatar Petroleum and Cairn in a li­cens­ing round for off­shore hy­dro­car­bon blocks which lapsed last week, its En­ergy Min­istry said yes­ter­day. Ni­cosia had placed three off­shore blocks up for ex­plo­ration. The most pro­nounced in­ter­est from two con­sor­tia and one com­pany was for an off­shore sea block in close prox­im­ity to the Zohr field off­shore Egypt, where ENI re­ported the dis­cov­ery of an es­ti­mated 30 tril­lion cu­bic feet of nat­u­ral gas last year. Cyprus found an es­ti­mated 4.5 tril­lion cu­bic feet in one prospect in late 2011.

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