Italy's Eni renews deal for oil and gas search off Cyprus

The Associated Press

Earlier in December, French energy company Total also renewed its license to search for oil and gas off Cyprus for two more years.

NICOSIA, Cyprus (AP) — The Cyprus government has renewed an agreement with Italian energy company Eni and its South Korean partner KOGAS to search for oil and gas in waters off the Mediterranean island's southern coast.

Eni said in August that it discovered off Egypt's coast what it called the biggest gas field ever found in the Mediterranean sea.

Cyprus Energy Minister Yiorgos Lakkotrypis says Eni's license to search in three areas has been extended to February 2018.

He said after a Cabinet meeting Monday exploratory drilling could begin sometime in 2017, but a consortium study is still in its preliminary stage.

Earlier this month, French energy company Total also renewed its license to search for oil and gas off Cyprus for two more years.

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...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013