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ENI, Total find 'extensive'gas reserves off Cyprus


Nicosia: Exploratory drilling by Italy's Eni and France's Total have discovered"extensive"gas reserves off Cyprus, Energy Minister George Lakkotrypis said on Thursday."The data obtained from the exploration drilling demonstrates the existence of an extensive column of pure gas,"said Lakkotrypis. ExxonMobil, with Qatar Petroleum, has signed a licence agreement with the Cyprus government to explore block 10 for oil and gas. Block 10 is close to where Eni made a huge find in Egypt'b4s offshore"Zohr"field, raising hopes in Cyprus of more untapped wealth. (AFP)

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