North Cyprus News | Online News for North Cyprus

Total signs new agreement with South

Total signs new agreement with South

March 19
14:06 2015

South Cyprus Energy Minister George Lakkotrypis, and the General Manager of Total E&P Cyprus B.V., Jean-Luc Porcheron have signed an agreement on further exploration works in South Cyprus’ Exclusive Economic Zone (EEZ).

Total will further assess the potential of exploring bloc 11, with the agreement being signed in the framework of the existing contractual relationship between Cyprus and Total E&P, with respect to bloc 11.

In January it was announced that Total was not able to find significant gas volumes within blocs 10 and 11 in South Cyprus’ Exclusive Economic Zone that it had been exploring under license.

Total said it was discussing with local authorities a potential programme of additional exploration works in the area.

Source Famagusta Gazette

 

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