Major interest in Cypriot blocks
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.