The evaluation of exploration license applications is nearing conclusion some six months since Cyprus closed its second offshore bidding round. The head of the ministry responsible for the island’s energy matters, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis, discussed progress on the awards as the island continued to negotiate Block 12 development.
Cyprus is expected to identify by mid-November the companies selected to negotiate production sharing agreements (PSAs) for the offshore blocks tendered during the round that concluded in May. Mr Sylikiotis told MEES in exclusive interview that a decision on the selection of companies is imminent. (CONTINUED - 803 WORDS)