Eni expands acreage offshore Cyprus

By LNG World News Italian oil and gas company Eni finalized a farm-in agreement with Total to acquire 50 percent participating interest in block 11 offshore Cyprus.
Total will remain operator of the block following the Council of Ministers of the Republic of Cyprus’ approval of the agreement.
The area, nearby the Zohr gas discovery offshore Egypt, covers 2,2015 square kilometers, Eni said in a statement.
Total secured the exploration rights in the block 11 in 2013 at the conclusion of the country’s second licensing round for offshore exploration. Eni expects the drilling of an exploration well to start in 2017.
According to a brief comment by

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