Responsibilities

  • Participation on behalf of the Government of Cyprus (GoC) in exploration, reservoir evaluation, appraisal and full field development lifecycle, with the objective of achieving best development solution for the GoC.
  • Marketing of GoC ownership interest of produced hydrocarbons.
  • Management of technical operation and financial aspects of product sales for GoC share.
  • Exercise GoC ownership interest in possible LNG Terminal and LNG Liquefaction Plant.
  • Undertake responsibility for Upstream and Mid-stream assets upon Contractor’s termination or relinquishment of these assets.
  • Manage any possible GoC ownership interests in subsea pipelines.