The Cypriot government and the consortium of ExxonMobil and Qatar Energy signed an Exploration and Production-sharing contract and a hydrocarbon exploration license for block 5, in the consortium’s second license in the Cyprus Exclusive Economic Zone (EEZ) following the adjacent block 10.
The contract was signed by the Energy Minister Natasa Pilides on behalf of the Cyprus government and by Varnavas Theodosiou, CEO of ExxonMobil Cyprus and Ali al Mana Director of Qatar Energy’s International Upstream and Exploration.
This is the tenth licenced block of the total 13 blocks of the Cypriot EEZ.
Source: Cyprus News Agency