QP and ExxonMobil will explore oil blocks in Cyprus

ExxonMobil and Qatar Petroleum (QP), oil and gas companies will cooperate in an exploration and production contract-sharing for the block 10 in the southwest of Cyprus. A 3D seismic survey is already underway, and oil plan to start exploratory drilling in 2018.

They also agreed to work with the government of Cyprus to develop the skills of oil and gas country. According to the QP, the agreement expands the international presence in the Eastern Mediterranean of the company's work.

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