The Cypriot President Nikos Christodoulides had a meeting in Houston Texas US, with its vice -president ExxonMobil, John Ardill, in which the energy developments were discussed Cyprus EEZas well as the strategic presence of the company in the Eastern Mediterranean.
The consortium ExxonMobil, QatarEnergy, It holds the rights of research and exploitation in Pieces 5 and 10 of the Cyprus EEZ. In Piece 10 the company has already successfully completed two drillingwhich have confirmed the existence of quantities of gas in the Glafkos deposit, while in the piece 5 there is already a drilling on the target “Electra”.
These discoveries reinforce the role of the Republic of Cyprus as a credible energy partner in East Mediterranean and contribute to the joint efforts to achieve the strategic objective of energy security and differentiation of the European Union’s energy sources.
During the meeting, the next steps were discussed, according to drilling program of the company and the energy goals of the Republic of Cyprus, with a common goal of development and commercialization of deposit her Cypriot EEZ. Within this framework, the possibility of synergies with companies that manage neighboring deposits was discussed with the aim of speeding up the commercial development of all deposits.
President Christodoulides expressed his satisfaction with the cooperation with the to date ExxonMobil, The presence of which in the Cyprus EEZ is important, and reaffirmed the government’s political will to continue and strengthen its energy strategy Cyprus in a way that serves the national interest and contributes to regional cooperation and stability.