Definition of the Republic of Cyprus
Exclusive Economic Zone
The definition and delimitation of the Republic of Cyprus Exclusive Economic Zone (EEZ) has been progressed through the following key activities:
Cyprus ratified the United Nations Convention on the Law of the Sea (UNCLOS) which defines “the rights and responsibilities of states in their use of the world’s oceans, establishing guidelines for business, the environment and the management of marine natural resources and regulating the territorial waters, contiguous zones and exclusive economic zones (EEZ) of states”.
Cyprus passed a Law defining and regulating its exclusive economic zones (EEZ). “Law to provide for the Proclamation of the Exclusive Economic Zone by the Republic of Cyprus” (the “EEZ Law”).
Delimitation Agreement of the exclusive economic zones (EEZ) with the State of Israel ratified in 2011.
Delimitation Agreement of the exclusive economic zones (EEZ) with the Arab Republic of Egypt ratified in 2004.
Delimitation Agreement of the exclusive economic zones (EEZ) with the Republic of Lebanon.
Common utilization Agreement with the Arab Republic of Egypt.
in the Cypriot EEZ
Recent Oil & Gas activities in the Eastern Mediterranean have revealed the possibility of significant natural gas reserves in the area and also within Cyprus EEZ. Cyprus is in the process of fully exploiting its natural gas potential and contributing to regional and European cleaner energy sources and to energy security.
The Government of Cyprus proceeded with its first licensing round for eleven offshore blocks.
Awarded one Hydrocarbon Exploration License to Noble Energy International LTD for offshore block 12.
Exploration well drilled by Noble in Block 12 leads to the discovery of the Aphrodite field with contingent reserves estimated between 5-8 tcf (trillion cubic feet).
Delek joins the Block 12 Licence with 30% shareholding.
The Government of Cyprus proceeded with its second licensing round consisting of 12 offshore blocks.
Total awarded two Hydrocarbon Exploration Licenses for offshore blocks 10 and 11.
ENI / KOGAS awarded three Hydrocarbon Exploration Licenses for offshore blocks 2, 3 & 9.
Appraisal well drilled by Noble and Delek group on Aphrodite field confirms discovery of contingent reserves between 3.6 – 6 tcf.
Exploration well ‘Onasagoras’ drilled by ENI/KOGAS in Block 9 with non-commercial results.
Exploration well ‘Amathusa’ drilled by ENI/KOGAS in Block 9 with non-commercial results.
Block 12 Contractors confirm Aphrodite field commercial and submit Field Development Plan to the Minister of Energy.
BG Group (now part of Shell) joins the Block 12 Licence with a 35% shareholding.
The Government of Cyprus proceeds with its third licensing round consisting of 3 offshore blocks.
The Government of Cyprus awards licenses for all three blocks on offer in the 3rd licensing round; ENI International and Total in Block 6, ENI International for Block 8, and ExxonMobil and Qatar Petroleum for Block 10.
Exploration well ‘Onesiphoros’ drilled by Total in Block 11 with non-commercial results.
Exploration well drilled by ENI Block 6 leads to the discovery of the Calypso field, proving the extension of the Zohr-type carbonate play into the Cyprus EEZ.
Exploration well ‘Delphyne’ drilled by Exxon / QP in Block 10 with non-commercial results.
Exploration well drilled by Exxon / QP in Block 10 leads to the discovery of Glaucus field, with estimates of natural gas in-place of 5 to 8 tcf.
Exploration license for Block 7 awarded to Total/ENI with Total also farming into Blocks 2, 3, 9 and 8.
Minister of Energy approves Block 12 Aphrodite Field Development Plan and Government of Cyprus issued first Exploitation License to Block 12 Contractors.
You can find more information regarding the activities of the licensed blocks, by clicking the corresponding block below.