Eni to drill in new exploration block off Cyprus

Eni and Total plan to jointly drill an exploration well off Cyprus by the end of this year or early next year, Cyprus president told France’s Le Figaro.

President Anastasiades says he met with Total CEO Mr. Patrick Pouyanne over the weekend, where he told him the two companies would move ahead with plans to drill in offshore Block 6 despite disappointing drilling results from Block 11.

The two companies each hold 50% stakes in Block 6.