Block 1
Open for LicensingThis block is currently open and available for future licensing rounds.
Available for Licensing
This block is currently open and may be available in future licensing rounds conducted by the Cyprus Ministry of Energy, Commerce and Industry.
Visit Ministry of EnergyBlock Details
- Status
- Open for Licensing
- Area
- 5,740 km²
- Water Depth
- 500-2000 m
- Discoveries
- 0
Latest Energy News
Cyprus trapped in a quagmire where the price of peace keeps rising
The geopolitical landscape of the Eastern Mediterranean is undergoing a fundamental transformation, driven by escalating regional conflicts and shifting energy alliances. Nearly a decade after the collapse of the 2017 Crans-Montana summit, the Republic of Cyprus finds itself deeply embedded in th...
Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus and its Aphrodite gas field stake to MOL Group for up to $720m.
MOL buys Shell stake in Cyprus gas field for $720m
Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern Mediterranean. This acquisition is the biggest E&P growth opportunity for the company since acquiring a 9.57% stake ...