Cyprus Picks Eni, Total And Exxon For Offshore Exploration Blocks

Reuters

LONDON, Dec 21 (Reuters) - Cyprus said on Wednesday it had picked Eni, Total and ExxonMobil for three oil and gas exploration licences in the Mediterranean close to where Eni made the biggest gas find in the past decade.

The Cypriot government awarded Eni and Total a joint exploration block, while Eni also won another on its own and a third went to ExxonMobil in partnership with Qatar Petroleum, the energy ministry said.

Statoil and Cairn together with Avner and Delek had also applied for licences but missed out.

Exploration opportunities in the Mediterranean's Levant basin have become more interesting following Eni's discovery of the giant Zohr gas field offshore Egypt last year that is estimated to contain a bumper 850 billion cubic metres of gas.

Eni has raised more than $2 billion in recent weeks with stake sales in the concession containing Zohr to Rosneft and BP.

(Reporting by Karolin Schaps. Editing by Jane Merriman)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager, USA
Expertise: Project Management
Location: United States
 
Financial Analyst - Finance and Investor Relations
Expertise: Accounting|Financial Analyst|Legal
Location: Dallas, TX
 
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours