TOTAL to start drilling in Cyprus in early 2017

Maritime Cyprus

FRENCH oil major Total will likely commence exploring for gas in Cyprus, in their offshore Block 11 concession in early 2017, Cyprus energy minister Giorgos Lakkotrypis said on Thursday.

Speaking to the Sigma television channel, Lakkotrypis was also asked to comment on reports that Russian companies are exhibiting a keen interest in the third licensing round launched by Cyprus.

The companies are said to be most interested in blocks 6, 8 and 10.
Lakkotrypis neither denied nor confirmed the Russian interest. But he did say he was pleased by the overall interest in the new licensing round.
July 22 is the deadline for the submission of bids.


“We need companies with the technical and financial wherewithal to help us cope with the works necessary for this type of activity in the eastern Mediterranean,” Lakkotrypis offered.

“We have made our plans, and we are implementing them despite the Turkish provocations that…

View original post 98 more words

Comments are closed.