The ExxonMobil and Qatar Energy consortium commenced with drilling for natural
The ExxonMobil and Qatar Energy consortium commenced with drilling for natural gas entering Block 5 of Cyprus‘ Exclusive Economic Zone (EEZ) on Friday, January 24.
The first photos were published by the President of the Republic of Cyprus, Nikos Christodoulides on his X (former Twitter) account, this morning. Christodoulides announced Cyprus’ intentions to progress with its exploration activities, aiming to become an alternative and reliable source of natural gas for the EU.
Cyprus recently issued a Navigational telex (Navtex) concerning the commencement of drilling at the “Electra” target in Block 5 of the Cypriot EEZ.
The Navtex which came into effect on January 19 will be valid until June 19, 2025. As reported, operations will be carried out by the drilling ship VALARIS DS-9.
In a statement to the Cyprus News Agency, Cyprus‘ Minister of Energy, Commerce, and Industry, George Papanastasiou, confirmed that the VALARIS DS-9 drilling rig has arrived in Block 5 of Cyprus’ Exclusive Economic Zone.
He further clarified that the issued Navtex pertains to drilling operations in the area, specifically targeting the “Electra” prospect.
Despite expected reactions from Turkey following issues Ankara had raised related to potential drilling in Cyprus’ EEZ, this time it has stated
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