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Everything is going according to plan, as far as drilling in Onisiforos plot, Energy Minister Yiorgos Lakkotrypis said here today, adding that ExxonMobil is expected to begin work in the second half of 2018. 

Speaking after Cabinet meeting, at the holiday retreat in Troodos, he said ENI has already invited bids for license for three different targets and intends to decide where it will drill once the results from Onisiforos have been evaluated. 

He explained that ENI has asked for a license in plots 3, 6 and 8 of Cyprus’ Exclusive Economic Zone. 

“Drilling in Onisiforos is proceeding as planned, within the set timeframe. Perhaps we are a bit ahead of schedule without any particular technical problems and we expect to have the results, as anticipated, at the beginning or mid September,” he added. 

Replying to questions, he said the government will confer with ENI to decide when these results will be made public. 

Asked if there are any indications about the results of the drilling, he said there are no results until the drill reaches the reservoir to see if there is natural gas and in what quantities. 

On plans by ExxonMobil, he said the company plans to begin drilling in the second half of 2018, however more details may be revealed at a later stage.

Source:Stockwatch