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Total SA Enters Deep Offshore Exploration in Cyprus

Wednesday, 6 Feb 2013 09:35am EST 

Total SA announced that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012. The licenses extend over 2,572 square kilometers and 2,958 square kilometers respectively, southwest of Cyprus, in water depths ranging from 1,000 to 2,500 meters. The exploration program will begin with seismic surveys. 

Company Quote

-0.13 -0.30%
24 Dec 2014