Cyprus signs contracts with Eni and Total on five EEZ blocks

19 September 2019
653 Views

Cyprus on Wednesday signed agreements with France’s Total and Italy’s Eni for exploration in block 7 of Cyprus’ exclusive economic zone (EEZ).

The contracts were signed at the energy ministry by Energy Minister Giorgos Lakkotrypis in Nicosia with representatives of the two companies in the presences of the ambassadors of France and Italy.

In July the cabinet announced that the Total-Eni consortium had been granted a license for exploratory drillings in block 7. Total was also granted a licence for blocks 2, 3, 8 and 9 where ENI is already a licensee.

For the block 7 license, the two companies have a share of 50 per cent each. In addition, Total will receive from ENI a share of 20 per cent for blocks 2 and 9, and 30 per cent for block 3, and 40 per cent for block 8.

You may be interested

Over A Billion Were Unwilling To Get Vaccinated In 2020 – What about the Greeks (infographic)
GREECE
shares5 views
GREECE
shares5 views

Over A Billion Were Unwilling To Get Vaccinated In 2020 – What about the Greeks (infographic)

Panos - May 06, 2021

Gallup recently published a poll showing that the share of people around the world willing to get vaccinated against Covid-19…

The Real Star Wars Universe – The countries the global franchise was shot in (infographic)
WORLD
shares13 views
WORLD
shares13 views

The Real Star Wars Universe – The countries the global franchise was shot in (infographic)

Panos - May 06, 2021

May the fourth was a good day for fans of the Star Wars franchise and wordplay so, being both of…

1,200-Year-Old Children’s Hand Prints Found in Mexican Cave
WORLD
shares13 views
WORLD
shares13 views

1,200-Year-Old Children’s Hand Prints Found in Mexican Cave

Panos - May 06, 2021

Reuters reports that 137 handprints have been found on the walls of a subterranean cave on the northern tip of Mexico’s…

Leave a Comment

Your email address will not be published.