Cyprus signs contracts with Eni and Total on five EEZ blocks

19 September 2019
217 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

The UK’s government loses thousands of mobile devices
WORLD
shares9 views
WORLD
shares9 views

The UK’s government loses thousands of mobile devices

Panos - Feb 26, 2020

It has emerged that UK government personnel managed to lose at least 2,004 mobile devices in a 12 month period.…

One-billion-year-old fossils of green seaweed found in China
WORLD
shares14 views
WORLD
shares14 views

One-billion-year-old fossils of green seaweed found in China

Panos - Feb 26, 2020

Two paleontologists at Virginia Tech have found one billion-year-old fossils of green seaweed in China. Called Proterocladus antiquus, the tiny…

Coronavirus: Watch live on an interactive map how the virus is spreading
HEALTH
shares17 views
HEALTH
shares17 views

Coronavirus: Watch live on an interactive map how the virus is spreading

Panos - Feb 26, 2020

The victims of coronavirus worldwide are rising dramatically, with Italy counting seven deaths already. Johns Hopkins University (JHU) has created…

Leave a Comment

Your email address will not be published.