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Cyprus, ExxonMobil and Qatar Energy sign offshore gas exploration deal
December 10, 2021
Cyprus on Friday signed a natural gas exploration and production sharing contract for an offshore field in its Exclusive Economic Zone (EEZ) with ExxonMobil and Qatar Energy. The two will start field work for seismic data acquisition in block 5 next year.
The agreement was signed at the presidential palace by Energy Minister Natasa Pilides, Ali Al-Mana, manager of Qatar Energy’s International Upstream and Exploration and Varnavas Theodossiou, managing director for ExxonMobil Cyprus
Pilides hailed the ceremony as the culmination of a licensing process that officially began in June.