Lakkotripis: “Contracts regarding the third licensing round within the EEZ will be at the beginning of 2017”

In his statement in the Greek press yesterday, the Greek Energy Minister Yorgos Lakkotripis mentioned that 2017 will be the year in which the Greek Cypriot side will increase the research activities at the so-called “Exclusive Economic Zone” (MEB) by transferring the new parcels to the international companies.

According to the news of the Greek Cypriot weekly Kathimerini, Lakkotripis stated that companies can submit a proposal to the tender until 22 July 2016.

Lakkotripis said that they will begin seismic research and drilling preparations based on the programme that the companies will put forward in 2017. However, they are ready to hand over only the three parcels at the moment.