After receiving bad news about the highly anticipated Onisiphoros gas field; however officials have stated that all is not lost for the plot. The block holds potential for the future as the results have scientifically proven the existence of a carbonate platform around the territory located south of Cyprus.
“It’s a milestone in a long road. No doubt this confirmation will trigger more aggressive exploration in the acreages awarded in the third licensing round. We now have useful data on the permeability, composition and depth of the traps.” Energy Analyst Charles Elinas confirmed.