ExxonMobil, Qatar Petroleum Sign Cyprus Offshore Deal

Qatar Petroleum and ExxonMobil have signed an exploration and production sharing contract with the Government of the Republic of Cyprus for offshore Block 10.

The contract was signed in the presence of Yiorgos Lakkotrypis, the Cypriot Minister of Energy, Commerce, Industry and Tourism, as well as the Cypriot ministers of Labor, Finance and Foreign Affairs. Also in attendance were Qatar’s ambassador Sultan bin Ibrahim Al Mahmoud, and the American ambassador Kathleen A. Doherty.

The signing of the exploration and production sharing contract for offshore Block 10 in south-west of Cyprus, followed the bid which was recently awarded to the consortium of Qatar Petroleum and ExxonMobil.

A 3D seismic survey is already underway, as the consortium partners prepare to begin exploration drilling in 2018.

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