Eni Wins Three Licenses Offshore Cyprus

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Boustead, Olio Resources Submit Joint ... (Jul 30)
 -  Murphy Updates on Malaysian Ops, Makes... (Jul 30)
 -  Oil & Gas UK Launches New Guidelines o... (Jul 30)
 -  Alam Maritim Clinches Repair, Maintena... (Jul 29)
 -  Husky Says Indonesia's Madura Strait P... (Jul 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Analyst - Record to Report, Statutory Reporting
Expertise: Accounting or Finance|Asset Management
Location: Houston, TX
 
Marine Compliance Manager
Expertise: Captain / Master|HSE Manager / Advisor|Regulatory Compliance
Location: Florida, FL
 
Government Contracts Specialist
Expertise: Contracts Administration
Location: Louisiana, LA
 
search for more jobs

Brent Crude Oil : $53.38/BBL 0.15%
Light Crude Oil : $48.79/BBL 1.68%
Natural Gas : $2.89/MMBtu 2.48%
Updated in last 24 hours