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Second licensing round

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Second licensing round

Second licensing round

In February, Cyprus launched a second licensing round for 12 blocks in its offshore Exclusive Economic Zone, excluding the prospect in which Noble tapped a sizeable reserve last year. Interior Minister Neoklis Silikiotis announced that the efficient establishment of a national oil company is a high priority for the government, adding that several companies have expressed an interest in the licensing round. He went on to say "we shall set up a corporation which will be the strategic partner of all the companies and will be involved in matters of local infrastructure as well as the distribution of natural gas to the world market".
Second licensing round

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