To­tal wants more in­volve­ment in EEZ

Financial Mirror (Cyprus) - - FRONT PAGE -

The French en­ergy gi­ant To­tal wants to ex­pand its pres­ence in the Cyprus ex­clu­sive eco­nomic zone (EEZ), ac­cord­ing to En­ergy Min­is­ter Yior­gos Lakkotrypis.

The min­is­ter was talk­ing to re­porters af­ter a meet­ing be­tween Pres­i­dent Ni­cos Anas­tasi­ades and To­tal Re­gional Direc­tor, Stephane Michel, at the pres­i­den­tial palace that fo­cused on the sched­ule re­gard­ing the con­fir­ma­tion drilling at the Ca­lypso prospect in bloc 6 of the Cyprus EZ.

Lakkotrypis said that a con­struc­tive dis­cus­sion had taken place, adding that “the next steps re­gard­ing the re­search pro­gramme were dis­cussed, and that one of the most im­por­tant is­sues dis­cussed was To­tal in­ter­est in par­tic­i­pat­ing in bloc 8”.

Lakkotrypis said that bloc 8 was li­censed to Italy’s ENI and that the French com­pany’s in­ter­est in the plot is a de­vel­op­ment that strength­ens the con­sor­tium.

“We also dis­cussed the next steps. We are not yet ready to an­nounce any­thing. We are dis­cussing var­i­ous other is­sues, which will be an­nounced when the time is right,” said Lakkotrypis.

Asked about

the

eval­u­a­tions

re­gard­ing

the Ca­lypso de­posit, the Min­is­ter said that the con­sor­tium is eval­u­at­ing find­ings of bloc 6, adding that the gov­ern­ment also has its own con­sul­tants con­duct­ing eval­u­a­tions as “we want to have an in­de­pen­dent es­ti­mate of the quan­ti­ties of Ca­lypso”.

The min­is­ter added that “af­ter all we have seen tak­ing place in bloc 3, we see one of the most im­por­tant part­ners of the Repub­lic of Cyprus want­ing to ex­pand its pres­ence within the EEZ, es­pe­cially in blocs such as 8, which is still un­ex­plored”.

Stephane Michel said that he dis­cussed the com­pany’s en­ergy pro­gramme with the Pres­i­dent, con­firm­ing that they have ap­plied to par­tic­i­pate in bloc 8 which is cur­rently li­censed to ENI.

Asked whether the com­pany is to go ahead with the con­fir­ma­tion drilling at Ca­lypso, Michel said that there is still a lot of tech­ni­cal work to be done be­fore that stage. He added that a first drilling had taken place with pos­i­tive re­sults and noted that a con­fir­ma­tion drilling will soon fol­low.

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