Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... read more

Marathon ENI drilling starts

Nicosia:  Particularly important is the week beginning not only for the Minister for Energy and Cyprus, since the consortium ENI-KOGAS starts drilling in "Onasagoras', which is the beginning of a very large drilling program will continue without interruption at least by the end of 2015. impressive accuracy compliance schedule in terms of ENI, since the dates or even the opening hours of the first drilling down two months ago seems to be religiously observed. Saipem 10000 The rig arrives in Cyprus on time and will immediately begin stabilization processes to start drilling - the last week of September. Note that there must be checks and inspections by government agencies such as the Department of Labour. Moreover, they have arrived and are ready to open Larnaca yesterday two dedicated ships that accompany and help with the transfer of staff, equipment , as a special mud and other material for drilling based on the port of Larnaca. These are the ALLIANCE and LUNDSTROM TIDE. Both fly the flag of the Bahamas, like Saipem 10000. three weeks ago the Republic issued a directive to seafarers which committed two major areas in pieces "2", "3" and "9" on the activities of drilling. On Thursday, issued a NOTAM, which are prohibited on aircraft flying height of less than 3,000 feet, within five nautical miles from the point of drilling. According to the information and data of "F", the Government has already taken preventive measures, which will culminate in the coming days in order to prevent or deal with any recurrence Turkish challenges recorded in the past, especially at the start of the first drilling unit Noble in "12". At the same time, surprising that foreign warships countries and particularly the USA, moving to the region because of the developments in the neighboring countries and Iraq have increased the sail from the area of the piece "9" which starts drilling. Also, it is clear that special interest is the Italian to move smoothly research activities. It is no coincidence that the leadership of the EMI recording strategy until 2017, Cyprus included in the list of areas of strategic importance and those who were given the designation "key area" for the development activities of the Italian giant for the next three years . Yet, it must be borne in mind that in the first period of drilling, the President will be in New York, while the process is set to be updated regularly and off if needed. potentially 10 fields in three pieces consortium EMI-KOGAS has identified a total of 10 potential fields in three pieces for which the exploration and exploitation rights, of which the six has given in collaboration with the Ministry of Commerce of the names of kings of ancient kingdoms of Cyprus (Onasagoras, Zenon Kinyras Amathusa, Evagoras and Praxandros). According to the drilling program will be four consecutive exploratory drilling, the first one that is starting to deposits' Onasagoras "and will follow successively drilling in" Zenon "," Kinyras "and" Amathusa. " After 52 days, the first results The choice of starting the drilling program with the "Onasagoras" criterion was not the biggest deposit, but which of the fields is more likely to give the earliest possible additional gas needed to become viable Terminal. From discoveries of the first drilling in Onasagoras will also clear up many techno-economic data in physical and recoverable quantities, quality, pressure and many other features and other fields in the same and adjacent deposit southwest of the former, since it is area with similar geological structure and characteristics. The first drilling is expected to take approximately 52 days and the first results, at least informally, is expected to become available before the end of November. SAIPEM 10000 is the fifth generation rig, capable of drilling in very deep water, built in 2000 has a length of 228 meters and a displacement of 95,500 tonnes. It offers air-conditioned accommodation opportunities for 172 persons. This ship, not platform, such as drilling rigs that made ​​the two previous drilling in the Cypriot EEZ. It can perform drilling in water depth up to 10,000 feet (3,048 m) and the rig can reach a depth of 30,000 feet (9,144 m). piece in "9" (area of 4271.9 sq. miles.) which will hold its first exploratory drilling, water depths ranging from 1,871 meters up to 2,403 meters. The lode "Onasagoras" located on the northeast side of the piece "9". writes: Peter Theoharidis

- See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/219217/xekina-o-marathonios-ton-geotriseon-eni#sthash.Rd2O6HKO.dpuf