Cyprus planning third licensing round

The government of Cyprus plans a third round of offshore oil and gas licensing, according to press reports.

Spokesman Nicos Christodoulides was reported to have said preparations will start soon. He gave no further details.

Turkey, which dominates northern Cyprus, objects to the earlier licensing rounds, claiming Turkish Cypriots were excluded from decision-making.

A group led by Noble Energy Inc. in 2011 discovered Aphrodite natural gas field in deepwater Block 12, awarded in the first licensing round and on trend with the giant Leviathan and Tamar deepwater gas discoveries in Israeli waters (OGJ Online, Nov. 23, 2015).

In a second licensing round after the Block 12 discovery, the Greek Cypriot government awarded two blocks to Total SA and three blocks to a combine of Eni SPA and Korean Gas Corp.

Last month, the Ministry of Energy, Commerce, Industry, and Tourism granted Eni-Kogas a 2-year extension of the initial exploration phase of their licenses.

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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