Energy Minister urges for patience over “Onisiforos” drilling

Energy Minister Yiorgos Lakkotrypis urged today for a few more days of patience when asked about the results of an offshore drill, while noting that drilling operations are moving on normally.

Speaking at the Presidential Palace, after attending a meeting of the President of the Republic, Nicos Anastasiades with the Boards of Electricity Authority of Cyprus and the Cyprus Energy Regulatory Authority, Lakkotrypis was asked about the results in the Onisiforos drilling spot and said that when the time comes, we will make announcements.

The Minister added that data processing occurs in real time, but a detailed analysis takes months. Drilling continues normally, a little more patience and we will make the necessary announcements he added. The area in Cyprus’ exclusive economic zone block 11 is licensed to energy giants TOTAL and ENI.

Asked about designs to produce energy from imported natural gas, the Minister said that the process falls within the competencies of the Natural Gas Public Company (DEFA). He added that DEFA is currently hiring advisers in order to proceed with a call for tenders in the first quarter of 2018 regarding infrastructure and the importation of natural gas.

DEFA, EAC and CERA are working closely together, since at the end of the day the Electricity Authority will be the main user for some years and will have a certain stake in infrastructure, the Minister concluded.

Source: Cyprus News Agency