Archives for News

Schlumberger Becomes a Supporter of EMC 2020

Global oilfield services provider Schlumberger is the latest in a number of supporters to lend their support to EMC 2020!  About Schlumberger: Our story begins with what it truly means to be a technology innovator. Our common sense of purpose unites 105,000 people representing 140 nationalities with products, sales and services in more than 120 countries. We are the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to a global energy industry.We believe energy makes society progress, so we find ways to help our customers fuel agriculture, industry, medicine, science, space, technology, and transportation. Few parts
Read More

Categories: News.

Cyprus Signs Offshore Concessions

Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011. The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island. The Aphrodite field is thought to hold an estimated 4.1 trillion cubic feet (tcf) of gas. Cypriot authorities have said natural gas will start being extracted in 2025, with estimated earnings of 9.3 billion euros ($10.29 billion) over an 18-year period. Original Article
Read More

Categories: News.

Introducing our Core Partners – the Cyprus Hydrocarbon Company

About the Cyprus Hydrocarbons Company (CHC) is the National Oil and Gas Company of Cyprus. It was established in March 2014. As a state-owned company, CHC has the mandate to act as the technical and commercial arm of the Government of Cyprus (GoC) on matters relating to exploration, production and monetization of Oil and Gas reserves from the Exclusive Economic Zone (EEZ) of Cyprus. Cyprus as a Business Hub: The geostrategic position of Cyprus has played a major role in shaping its history and contributed to its modern emergence as a key business hub in the Eastern Mediterranean. Cyprus has
Read More

Categories: News.

Introducing Rota – the Co-Organisers of EMC 2020

We are ROTA SA, the largest exhibition organization company in Greece. We organize trade shows, exhibitions open to the public, conferences and events, catering to the specific needs of numerous market sectors, with an array of products ranging from home furnishing items to construction purpose aluminum systems. We know that organizing a successful exhibition commands particularly complex procedures and careful planning, as they in turn demand specialized knowledge and ability in multiple activity fields. In parallel to cooperation, project management and the coordination of large groups of people, above activity fields commonly include advanced skills in communication, marketing, planning strategy,
Read More

Categories: News.

Cyprus signs contracts with International Operators on five EEZ blocks

The contracts were signed at the energy ministry by Energy Minister Giorgos Lakkotrypis in Nicosia with representatives of the two companies in the presences of the ambassadors of France and Italy. In July the cabinet announced that the Total-Eni consortium had been granted a licence for exploratory drillings in block 7. Total was also granted a licence for blocks 2, 3, 8 and 9 where ENI is already a licensee. For the block 7 licence, the two companies have a share of 50 per cent each. In addition, Total will receive from ENI a share of 20 per cent for
Read More

Categories: News.

LNG Import terminal to be constructed in Cyprus

We are pleased to see the successful outcome of the process,” Defa chairman Symeon Kassianides said. “Here at Defa we believe that the future of the country is aligned with natural gas and we expect it to play a major role in the economic development of the country in years to come. The establishment of the natural gas market will boost the development of the whole energy and industry sectors of the Republic.” Α multinational consortium of JV China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited ranked
Read More

Categories: News.

EAST MEDITERRANEAN STATES LOOK TO ACCELERATE REGIONAL GAS COOPERATION

Energy ministers from across the East Mediterranean met on July 25 to discuss how to accelerate the development of the region’s vast gas resources and to increase cooperation in a bid to pave the way for a “sustainable regional gas market.” Ministers from Cyprus, Egypt, Greece, Israel, Italy, Jordan and the Palestinian National Authority met in Cairo as part of the East Mediterranean Gas Forum (EMGF), which they founded in January this year. With tensions high in the politically sensitive region, the forum’s aim is to ensure gas resources in the East Mediterranean can be developed economically and countries can “foster regional energy cooperation.”
Read More

Categories: News.

CYPRIOTS LAUNCH DRILLING AT 8 SITES IN EASTERN MEDITERRANEAN OVER 2 YEARS

The Mediterranean basin is proved to be a world-class energy source with huge hydrocarbon potential. The recent energy discoveries in Cyprus, Such as: the Calypso discovery in block 6, the Aphrodite discovery in block 12 and the new recent discovery by ExxonMobil in block 10 raise Cyprus as one of the world-class energy countries to invest. Not to mention the gas discoveries found in Israel.
Read More

Categories: News.

ExxonMobil recent natural gas discovery in Cyprus in the Eastern Mediterranean at the Glaucus-1 well

Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters). Further analysis in the coming months will be required to better determine the resource potential.“These are encouraging results in a frontier exploration area,” said Steve Greenlee, president of ExxonMobil Exploration Company. “The potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.”
Read More

Categories: News.