Energy companies assure are committed to Cyprus drilling

Energy companies licensed to prospect for gas off Cyprus have assured the government they are committed to their contracts despite inevitable delays due to the coronavirus situation, MPs heard on Tuesday.

In a teleconference session with lawmakers, Energy Minister Giorgos Lakkotrypis said drilling programmes by Total and ENI, and by ExxonMobil, are being put on hold but only temporarily.

For Total and ENI – which had planned to carry out three drills in the 2020-2021 timeframe – the minister said their contracts would have to be extended.

The consortium had been scheduled to first drill a new (exploratory) well at a site dubbed Kronos in block 6 of Cyprus’ exclusive economic zone, around April this year.

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