Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Eni Wins Three Licenses Offshore Cyprus

change text size

Italy's Eni announced Thursday that it has been awarded three offshore exploration blocks in the Republic of Cyprus. The firm said it has now signed exploration and production contracts with Cyprus’s Ministry of Commerce, Industry and Tourism for Blocks 2, 3 and 9, which are located in the Cypriot deep offshore portion of the Levantine Basin.

Eni was awarded the three blocks, which cover an area of around 4,800 square miles, after leading a consortium of it and Korean company Kogas. Eni is operator, with an 80-percent share in the licenses, while Kogas holds the remaining 20 percent.

Eni said that the awards, which mark its entry into Cyprus, are of significant importance for the consolidation of its position in the Mediterranean region – which it regards as a strategic area in its exploration and production portfolio.


 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Husky Updates on Field Developments in... (Jul 25)
 -  Exillon Production Slows Further in Ju... (Jul 25)
 -  Reach Energy Plans to Acquire an Upstr... (Jul 25)
 -  Northern Petroleum Awarded Two Permits... (Jul 24)
 -  BW Offshore Takes 100% Ownership of Pe... (Jul 24)
Most Popular Articles
From the Career Center
Jobs that may interest you
Corporate Business Development
Expertise: Business Development
Location: TX
 
Senior Landman/ Land Manager
Expertise: Landman, Petroleum Engineering
Location: Houston, TX
 
Regional Director of Finance - Americas
Expertise: Accounting or Finance, Executive
Location: North America
 
search for more jobs