Licences for ENI and Total to explore block seven
The cabinet on Monday licensed energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved a partnership between the two in five other blocks.
The cabinet also approved nine other drills inside the EEZ within the next couple of years.
Block seven neighbours the Calypso field in block six where ENI carried out an exploratory drill early in 2018 and is believed to hold between six and eight trillion cubic feet.
Total and ENI had applied for an exploration licence in block seven back in November 2018.