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ARTICLE · 18 JANUARY 2017

Bidders Invited For Negotiations Over Cyprus Offshore Blocks

Deloitte Cyprus
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On 21 December 2016, the Ministry of Energy announced that the Republic of Cyprus will commence negotiations with the selected bidders for the terms and conditions of the Production Sharing Contract....

CyprusEnergy and Natural Resources
Nicos Papakyriacou
Nicos Papakyriacou
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On 21 December 2016, the Ministry of Energy announced that the Republic of Cyprus will commence negotiations with the selected bidders for the terms and conditions of the Production Sharing Contract ('PSC') in the context of awarding licenses for three offshore blocks of the Cypriot Exclusive Economic Zone ('EEZ').

Blocks 6, 8 and 10 were put up for tender as part of the 3rd licensing round for hydrocarbon exploration in the Cypriot EEZ with the following applicants submitting bids by 22 July 2016:

Block Bidders Operator
6 ENI Cyprus Ltd / TOTAL E&P Cyprus B.V. ENI Cyprus Ltd
8 Capricorn Oil (Cairn Energy) / Delek Drilling /
Avner Oil Exploration		 Capricorn Oil (Cairn Energy)

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