Total gains deepwater blocks offshore southwest Cyprus

Offshore staff

PARIS – Total has signed two production-sharing contracts (PSCs) for blocks 10 and 11 offshore the Republic of Cyprus.

The PSCs were awarded following the government’s second offshore exploration licensing round that was launched last year.

The licenses cover 5,530 sq km (2,135 sq mi) southwest of Cyprus, in water depths ranging from 1,000-2,500 m (3,281-8,202 ft). The company initially plans to acquire 3D seismic on block 11 and 2D seismic on block 10.

2/6/2013

Total deepwater blocks offshore Cyprus

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...