Eni's commitment in Cyprus offshore

Eni's commitment in Cyprus offshore

Editorial staff
Share
In Nicosia, the CEO of the Italian company, Claudio Descalzi, told the President of the Republic, Nikos Anastasiadis, plans to pursue exploration activities in the island's exclusive economic zone (EEZ) and future opportunities for developing Cyprus's energy resources

Meeting in Nicosia between Eni’s Chief Executive Officer, Claudio Descalzi, and the President of the Republic of Cyprus, Nikos Anastasiadis. The summit was the opportunity to update Cyprus President on Eni’s activities in the Republic of Cyprus and jointly discuss about future opportunities. Claudio Descalzi re-confirmed the commitment of Eni to Cyprus hydrocarbon exploration and the Eastern Mediterranean in general and illustrated to the President the forthcoming exploration campaign in the Exclusive Economic Zone (EEZ) of Cyprus. Eni and its partner Total are planning to start exploration drilling by the end of this year in Block 6 Cyprus EEZ, just 9 months after the signature of the Block Exploration and Production Sharing Contract (EPSC); then Eni and its partner Kogas will start the drilling of the first exploration well in Block 3. The meeting was also an opportunity to discuss the exploitation of the country’s hydrocarbon resources potentially utilizing existing infrastructures in Egypt where Eni is present as Shareholder. Finally, Eni’s CEO also made a review about possible synergies related to energy projects in the East Mediterranean, an area that could represent an important diversification source and route for the future energy supply of Europe.