Eni, Kogas sign for three blocks offshore Cyprus

Eni SPA and South Korea’s Kogas have signed exploration and production sharing contracts with the Cyprus Ministry of Commerce, Industry, and Tourism covering Blocks 2, 3, and 9 in the Levant basin offshore Cyprus.

The eastern Mediterranean deepwater blocks lie generally south and southeast of the island of Cyprus. Block 9 extends within a few miles of a Noble Energy Inc. group’s late 2011 Aphrodite gas discovery at the eastern edge of Cyprus Block 12, where Blocks 9 and 12 meet Israeli waters (OGJ Online, Jan. 2, 2012). Blocks 2 and 3 are northeast of Block 9.

The three Eni-Kogas blocks cover a combined 12,530 sq km. Interests are Eni 80% and operator and Kogas 20%. The two companies were awarded the blocks in the May 2012 Cyprus second offshore license round.