HomeNewsExxonMobil set to receive drilling licences for Cyprus Offshore Block soon

ExxonMobil set to receive drilling licences for Cyprus Offshore Block soon

ExxonMobil set to receive drilling licences for Cyprus Offshore Block soon

The consortium Exxon Mobil-Qatar Petroleum is expected to receive the necessary offshore drilling licences in the coming days.

Phileleftheros newspaper reported that on July 30 the environmental licence is expected to be examined and approved.

The licence deals with the two drillings that are set to take place in the eastern part of block 10 in the ‘Delfini’ (dolphin) field, and in either the ‘Anthia’ or ‘Glafkos’ fields.

The newspaper reported that the drilling is expected to start in mid-November.

Last month the agreement for drillship to be used was signed. The exploratory drillings of the American company, according to the daily, will be conducted by a drillship from the UK. The drillship is reported to be able to perform in different environmental conditions and to drill at a depth of approximately 35,000 feet below sea level.

In June, a delegation from the US company led by Exxon Mobil’s vice-president for Europe, Russia, Asia, the Pacific and the Middle East visited Cyprus to discuss the forthcoming drilling.

The delegation met with Energy Minister George Lakkotrypis and Foreign Minister Nikos Christodoulides.

Lakkotrypis said then that two drillings were planned for block 10, and the geological studies were recently completed.

The minister said block 10 had resulted in the biggest participation in the third licensing round, “so we have expectations”.

ExxonMobil’s Ocean Investigator research vessel sailed from Limassol port back in March to carry out hydrocarbon explorations for the US oil giant in block 10 of the Cyprus’ exclusive economic zone (EEZ).

Energy Minister Yiorgos Lakkotrypis confirmed on Sunday that Cyprus is taking all necessary measures to ensure that US energy giant, ExxonMobil’s exploratory programme in the island’s exclusive economic zone (EEZ) proceeds smoothly.

He also reiterated that developments on the Cyprus problem should not affect the country’s energy programme.
ExxonMobil, which along with Qatar Petroleum has been awarded the exploration licence in block 10, will carry out two exploration wells in the fourth quarter 2018, Lakkotrypis said, speaking to the press in Larnaca.

Replying to a question whether developments in the field of energy would affect a possible new round of Cyprus talks, Lakkotrypis said the two issues should not be linked.

“We continue with our plans, which cannot change because they are included in contractual obligations and, as the President of the Republic has said a few days ago, under no circumstances should developments in the Cyprus problem affect our energy program.”

“The procedures for Exxon to obtain the necessary licences are proceeding as planned and two wells will be carried out in Q4,” he said.

In February this year, Italian energy giant ENI’s drillship Saipem 12000 was prevented from reaching its target in block 3 Soupia, or Cuttlefish, in the island’s EEZ by Turkish naval forces. The standoff lasted two weeks before the platform left and moved on to Morocco.

The CEO of Italian energy giant, Claudio Descalzi, was defiant in the face of Turkish threat, saying the company was committed to its plans and would not just leave behind the €700 million it has invested in Cyprus’ exclusive economic zone (EEZ).

Turkey is laying claim to parts of various blocks in Cyprus’ EEZ saying the areas in question form part of its continental shelf. The claim includes part of Blocks 1, 4, 5, 6 and 7. Block 10 is not among the claims.

Turkish Cypriots signed a ‘Continental Shelf Delimitation Agreement’ with Turkey in September 2011. This ‘agreement’ states that it has been signed in line with international law and with respect to the principle of equity, though the ‘TRNC’ is not recognised internationally. It is on this basis that Turkish Cypriots declared an ‘EEZ’ which in effect claims that half of Cyprus’ EEZ belongs to them, including blocks 1,2,3,8,9,12 and 13.

Source: Cyprus Mail

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