Cyprus opens third offshore licensing round

Cyprus has opened its third offshore licensing round, offering three blocks south of the island nation under production-sharing terms.

Content Dam Ogj Online Articles 2016 03 Cyprus Third Licensing Round Map

Cyprus has opened its third offshore licensing round, offering three blocks south of the island nation under production-sharing terms (OGJ Online, Feb. 19, 2016).

Blocks 6, 8, and 10 are near Block 12, a first-round license on which a group led by Noble Energy Inc. made the deepwater Aphrodite natural gas discovery.

Total relinquished the Block 10 license last year and retained Block 11.

Applications must be submitted to the Ministry of Energy, Commerce, Industry, and Tourism within 120 days of the date of announcement of the round’s opening, Mar. 24.

Content Dam Ogj Online Articles 2016 03 Cyprus Third Licensing Round Map

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