Gulf Oil and Gas accountACCOUNT

Qatar Petroleum, ExxonMobil to Explore for Oil & Gas in Cyprus

Source: Reuters 4/5/2017, Location: Europe

Share |
Qatar Petroleum (QP) and ExxonMobil will start drilling for oil and gas off the southern coast of Cyprus in 2018, the Qatari firm said after signing an exploration and production sharing contract with the Mediterranean island.

Exploring the Mediterranean's Levant Basin has become more attractive since Eni discovered Egypt's offshore Zohr field in 2015, the biggest gas field in the Mediterranean and estimated to contain 850 billion cubic meters of gas.

State-owned Qatar Petroleum and ExxonMobil were among bidders last year for a contract for Cyprus's offshore Block 10.

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

To maintain its dominance over competitors in the United States and Australia, QP is cutting costs at its domestic operations and seeking to expand overseas through joint ventures with international oil firms, QP said in February.

Drilling News in Cyprus >>

Australia >>  7/13/2018 - Carnarvon Petroleum Limited provides the following update on the drilling of the Dorado-1 well. ...
Norway >>  7/10/2018 - Hundreds of workers on Norwegian oil and gas offshore rigs will go on strike on Tuesday after rejecting a proposed wage deal, a state-appointed mediat...

Indonesia >>  7/6/2018 - Range Resources has provided an update on the operations at the Perlak field, located in Northern Sumatra, Indonesia. As previously announced, the ope...
Norway >>  7/6/2018 - A/S Norske Shell, operator of production licence 373S, has completed the drilling of wildcat well 34/5-2 S. The well is dry. The well was drilled abou...

Egypt >>  7/5/2018 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falklands Basin and the Greater M...
Egypt >>  7/5/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that it has spud its SD-3X appraisal well at South Disouq,...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Cyprus Oil & Gas 1 >> 

Oil & Gas Projects in Cyprus >>

More News

 

Oil & Gas Companies in Cyprus >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.