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Total To Extend Cyprus Gas Hunt

NICOSIA — Cyprus and French oil and gas company Total have signed an agreement to extend a search for natural gas off the east Mediterranean island’s southern coast after disappointing results from an initial exploration round.

Cyprus’ Energy Ministry said in a statement that Total will continue its search in one of two areas where it’s already licensed to drill.

Total said in January that it failed to find any potential gas fields to warrant any drilling near an area where U.S. company Noble Energy discovered a field estimated to contain around 4 trillion cubic feet of gas.

Cypriot Energy Minister Yiorgos Lakkotrypis had said at the time that leaving Cyprus was one option available to Total.

 

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The National Herald’s Happenings of the Week by Eraklis Diamataris

The National Herald’s Happenings of the Week (Jan 15 – Jan 21) as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.

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