Energy companies from Persian Gulf states have shown interest in exploring natural gas reserves off the southern coast of Cyprus, according to President Nikos Christodoulides. The Cypriot authorities are currently engaged in preliminary discussions with several companies regarding exploration licenses for some of Cyprus’ 13 areas within its exclusive economic zone.
Among the companies involved in talks are Italy’s Eni, France's Total, ExxonMobil, and Chevron, all of which already hold exploration licenses for 10 blocks. ExxonMobil and Qatar Energy have concessions in two blocks, Chevron partners with Shell for one block, and a consortium comprising Eni and Total holds licenses for seven blocks.
