Total oil giant signs contract for oil & gas esxploration

email this pageprint this page

French energy giant Total has been granted a license and have signed a contract to carry out hydrocarbon explorations in two offshore blocks in Cyprus’s Exclusive Economic Zone (EEZ).

After intensive negotiations, which began on 13 November 2012, the Council of Ministers have approved a contract with Total granting licences for hydrocarbons explorations in blocks 10 and 11 within Cyprus’ EEZ.