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Results of the second round of hydrocarbon Exploration

The Cyprus government announced on the 11th of February 2012 the launching of the second application/bid round for the Authorization for Hydrocarbons Exploration in the Cyprus E.E.Z for an additional 12 offshore blocks. The Cypriot Government closed the second bid round on the 11th of May 2012.

There were 33 applications received for 9 of the 12 blocks from 15 companies or consortiums.


After various discussions and negotiations with interested applicants the government decided to proceed with 5 more licenses.

In January 2013 the ENI-KOGAS consortium was issued with licences for Blocks 2, 3 and 9.

Total E&P was issued with licences for Blocks 10 and 11 in February 2013.

Both ENI-KOGAS and Total plan to begin exploratory drilling in end of 2014 beginning of 2015.

The above licenses take the total number to six since the first license was for Block 12 which was issued to Noble Energy in October 2008.

 
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