The Cypriot Ministry of Energy, Commerce and Industry announced an application from joint venture Total E&P Cyprus B.V. and Eni Cyprus Limited for a license to carry out oil and gas exploration in Cyprus’ exclusive economic zone.
In a press release, the Cypriot Ministry says that the timeframe for submitting applications actually expired on November 26. Only one application was received, from the joint venture Total E&P Cyprus B.V. / Eni Cyprus Limited. The plan is for exploration of only the block 7 area of Cyprus’ exclusive economic zone, or EEZ.
Σήμερα το μεσημέρι ενημέρωσα τον ΠτΔ @AnastasiadesCY για την κατάθεση αίτησης χορήγησης άδειας έρευνας υδρογονανθράκων για το Τεμάχιο 7 της Κυπριακής #ΑΟΖ από την κοινοπραξία @TOTAL / @ENI. pic.twitter.com/kLxy7Z0M0o
— Georgios Lakkotrypis (@GLakkotrypis) November 26, 2018
The press release states that over the next few days the application will be examined by the Consultative Committee, which will prepare a report to be sent to Cypriot Energy Minister George Lakkotrypis.
The Minister will then present the proposal to the Council of Ministers, and a decision will be made subsequently.
With information from C.N.A.