Minister: Gas drilling at 8 sites off Cyprus over 24 months


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LIMASSOL, Cyprus (AP) — Cyprus' energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island nation's southern coast at eight separate sites over the next two years.

Georgios Lakkotrypis said Tuesday that exploratory drilling would take place at six of those sites, while the remaining two would be to confirm gas deposits already discovered there.

Lakkotrypis didn't specify the exact locations where the drilling would take place. He said that drilling would start at the end of this year or early 2020.

Energy companies including ExxonMobil, Total and Eni are licensed to conduct a hydrocarbons search off Cyprus. Gas has been discovered at three locations.

Cyprus accuses Turkey of violating its sovereign rights by attempting to drill in waters where it has exclusive economic rights.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button