Saturday, July 30, 2016

Cypriot EEZ : Τhe Cypriot power

All those who hadn't understood that the power of Cyprus is its EEZ, have suffered a huge defeat, following the success of the third licensing round.

Even the most serviles of them must now alter the scenarios they had in mind, as their assessments which by the way were based on a mixture of fear and misery, have all failed to reach fruition.

They were insisting that both ENI and Total oil companies will depart, and that this was indicative that there was nothing within the Cypriot EEZ, and that the national estimates which we had concluded to, were mere exaggerations.

Additionally, that the withdrawal of the Total co, from marine plot 10 was characteristic of that factor.
And now everything changed for them, as reality came to implement the strategy and the energean thinking.
Not only are both ENI and TOTAL candidates regarding the three marine plots, 6,8 and 10, but TOTAL returns back to marine plot 10, which it had withdrawn interest from prior, even though it had given as a result 24 million Euros re: the signing up bonus, following the change of management.

In other words, and following the between them cooperation, the two major European companies strengthen their presence in the Cypriot EEZ, where they are already playing in marine plots 2, 3, 9 and 11.
Simultaneously, the Israeli companies Avner and Delek, which already obtain marine plot 12 with both Noble, and British Gas, which of late belongs financially to BP, act accordingly.

And finally, we have the appearance of Exxon Mobil as an American company, as well as that of the Norwegian company Statoil.

Therefore we now have colossal companies which are coming to the Cypriot EEZ, a fact which proves that our estimates regarding the Cypriot mineral resources have been confirmed at a practical level as well.
 E, Conophagos, N. Lygeros, A. Foskolos
Translated from the Greek by Athena Kehagias

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