Middle East Economic Survey


No 8


IOCs Show Strong Interest In Cyprus Offshore Licensing Round

Several major international oil companies (IOCs) with experience in deepwater drilling are expected to make bids in Cyprus inaugural offshore upstream licensing round, MEES understands. At the 15 February launch of bidding for 11 offshore blocks, industry experts told MEES that a significant number of major oil companies have purchased 2D seismic data acquired by PGS Geophysical early...