Exxon wins Cyprus block ahead of drill plan
Exxon wins Cyprus block ahead of drill plan
Cyprus has awarded Block 5 in the island’s offshore to ExxonMobil and QatarEnergy (QE), as drill plans for Block 10 move ahead.
Exxon will have a 60% stake in Block 5 and act as operator. QE, acting via its Qatar Petroleum International Upstream unit will have 40%.
The Cyprus cabinet gave notice today approving the award to Exxon, as endorsed by Minister of Energy, Trade and Industry Natasa Pileidou.
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