Total gains deepwater blocks offshore southwest Cyprus

Total has signed two production-sharing contracts (PSCs) for blocks 10 and 11 offshore the Republic of Cyprus.

Total deepwater blocks offshore Cyprus
Total deepwater blocks offshore Cyprus

Offshore staff

PARIS – Total has signed two production-sharing contracts (PSCs) for blocks 10 and 11 offshore the Republic of Cyprus.

The PSCs were awarded following the government’s second offshore exploration licensing round that was launched last year.

The licenses cover 5,530 sq km (2,135 sq mi) southwest of Cyprus, in water depths ranging from 1,000-2,500 m (3,281-8,202 ft). The company initially plans to acquire 3D seismic on block 11 and 2D seismic on block 10.

2/6/2013

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