Total and ENI apply to explore gas in Cyprus offshore block 7

Oil Majors Total and ENI have applied for an exploration licence in block seven of Cyprus’ exclusive economic zone, the energy ministry announced on Monday.
In a statement, the ministry said the application will be examined in the next few days and a proposal will then be submitted to the cabinet.
Last October, the government invited exclusive bids from companies already licensed in Cyprus to explore offshore Cyprus to express an interest in block seven.

The invitation concerns companies with concessions bordering the block – six, eight, 10, 11.
Energy Minister Giorgos Lakkotrypis said at the time that this option had been chosen instead of launching another licensing round because “there are particular geological reasons related to the Calypso discovery.”
The Calypso field is located in block six where Italy’s ENI carried out an exploratory drill early this year and is believed to hold between six and eight trillion cubic feet.

This move will irritate further the Cypriot Turkish relations.