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Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 27 December 2017 Приобретение земли и собственности на Кипре: что нужно знать

    – Недвижимость, приобретаемую на Кипре,... read more

  • 27 December 2017 На Кипре построят новые высотные здания

    На Кипре построят новые высотные здания read more

  • 12 December 2017 November property sales up 39 percent

    Property sales in Cyprus rose 39 per cent in November compared with November... read more

  • 6 November 2017 Parliament approves bill on building land

    The new bill imposing VAT on building land has been approved by parliament... read more

  • 13 October 2017 What is the VAT settlement on plots Applies from 2018

    19% VAT is limited to the purchase and sale of undeveloped land that will be... read more

The giants seeing treasure EEZ

   
Nicosia: The Norwegian company PGS, which has made all the two-dimensional and three-dimensional seismographic surveys in the Cypriot EEZ from 2006 until now, indicates that there are geological structures similar to that in which it was discovered the giant deposit "Zor". 

This includes the piece "11", which would make the drilling of TOTAL-EMI, and the pieces "10" and "6", where in the last quarter made three-dimensional seismographic surveys with the latest technology seismographic Ramform Tethys. 

Indeed scientific presentations included the PGS seismic survey map of the area, which shows two such geological structures in the ring around the mountains of Eratosthenes, about 15 km from each other.
 
In relation to the TOTAL-EMI cooperative in '11', characteristic is yesterday's statement of the Executive Director of the Company Hydrocarbons Cyprus (SRM), Panos Kelami. Knowledge of ENI for geology and geophysics of the area in relation to "Zor" type deposits, combined with the technology of TOTAL "is the best of what could happen in the plot 11," said the same characteristics. "I believe that this knowledge will help immensely, not only in exploration and development and the well," adds Mr. Kelamis, which was noted by the key players in negotiating the three contracts in terms Republic team.

ENI from the side, with yesterday's statement issued in Milan, informing about its agreement with TOTAL for the '11' and the approval of the Ministers in Nicosia, including notes: "With this agreement, EMI enhances further its position in Cyprus, gaining exploration rights in an area of ​​2,215 sq. kilometers, near 'ypergigantiaio' Zor deposit. "
 
The agreement is part of the EMI strategy to increase its energy portfolio "in the Eastern Mediterranean strategic area", the Italian giant adds and points out its rights and pieces '2', '3', '9' and now the "6" and "8". 
 
Meanwhile, indicative of interest in Cyprus is a statement of Saad al-Kaaba, Head of Qatar Petroleum, ExxonMobil partner in the block "10", whereby the state giant is ready for significant investment in Cyprus. He also explained that it is a strategic move in the development of activities at the international level to tackle competition from US giants, given the crisis in the sector due to oil prices.
 
TOTAL: Closed the «West Capella»

With the drilling rig "West Capella" will perform the drilling of TOTAL-EMI by the 'Onisiforou' of '11' piece of the Cypriot EEZ, in accordance with the "F" data.
 
The rig, built in 2008 by the shipyard Samsung, owned by Seadrill known Danish tycoon with Cypriot citizenship John Fritreksen. This period is for maintenance purposes in the port of Tenerife. 
 
The "West Capella" has capabilities to carry out drilling in water depths up to 10,000 feet and boring to a depth of 37,000 feet below the seabed surface, which exceeds the requirements for drilling in the target "Onisiforos" 228 meters long the block '11', near the boundary between the EEZ of Cyprus and Egypt.
 
The ship-rig, from what? Beginning of 2009 up to 2014 was chartered to TOTAL for series drilling in Nigeria and later chartered by Exxon Mobil for exploration in New Guinea. However, the drilling program was canceled in late 2016 because of investment collection worldwide that brought in the reduction of oil prices. This decision enabled the TOTAL bind modern drilling rig for drilling needs in Block "11" to be held in cooperation with the EMI. 
 
Based on the so far planning the drilling is expected to be in late June, while very important for final decisions it is the seventh in a row and in development drilling deep made by the EMI in deposit "Zor". This drilling performed very close to the 'Zor' to '11' limits, will provide valuable new geological data, which relate to the geological structure of the area.
 
What we do not see
The great view and significant economic interests and strategic business future in Cyprus. The experience and capabilities will allow them to see well before us. Not accidentally, the official report on the strategic role that Cyprus for EMI. The perseverance of both the Second Round, and in the Third Round, proves that it is not only words the reference to strategic planning and goals. Neither the fact that the largest producer of liquefied natural gas in the world, Qatar Petroleum, in the preamble of its international business puts Cyprus, is not accidental. Let alone the movement of ExxonMobil, nor of TOTAL. It therefore remains to be able to see and we, what they see in us.
http://www.philenews.com/el-gr/oikonomia-kypros/146/354587/oi-kolossoi-vlepoun-thisavro-stin-aoz-ti-deichnoun-ta-seismografika