The renewal includes three blocks in Cyprus’ exclusive economic zone. The country’s Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said after a Cabinet meeting that exploratory drilling could begin in 2017, although plans are in a preliminary stage. Eni is currently assessing geological data from the blocks, with initial results expected to be released by the end of January 2016.
Earlier this month, France’s Total also renewed its exploration agreement for a licence offshore Cyprus for another two years.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.