Cyprus to have a complete picture on its natural gas reserves by end-2018, Energy Minister says

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Cyprus to have a complete picture on its...
 © Parikiaki 2017
By end of 2018 and following the exploratory wells by the consortium of ExxonMobil/Qatar Petroleum in block  10, Cyprus will have a complete picture of its natural gas reserves and will take its decisions concerning monetization, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said.

The consortium announced it will carry out two drillings in block 10 in the second half of 2018.

The new drilling activity comes after an exploratory well by French TOTAL in block 11, which, according to Lakkotrypis, although did not reveal commercially viable gas reserves,...


Cyprus to have a complete picture on its natural gas reserves by end-2018, Energy Minister says


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