Paris hopes for an agreement between Cyprus and Total

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The French government hopes that an agreement would be reached between the Cyprus government and French oil-giant Total that will allow the company to proceed with further seismic surveys in block 11 of the island’s exclusive economic zone.

French Ambassador to Cyprus Jean-Luc Florent was asked on Friday to comment on the ongoing negotiations following Total`s decision, last month to abandon its offshore exploration activities.

Speaking during an informal briefing at EU House in Nicosia, Florent said the French government  had been disappointed, as were Total and the Cyprus government over the company`s conclusion that there was no real potential to justify drilling in blocks 10 and 11.

He said however that the French government was not involved in the ongoing negotiations between the company and the energy ministry aiming to draft an agreement that would allow for more time to conduct seismic surveys in block 11.

The situation would be assessed anew in a year’s time, the ambassador said.

Source: Cyprus Mail