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NEW CYPRUS DRILLING ROUND FOR OIL AND GAS LICENSING
A new oil and gas licencing round organised by the Republic of Cyprus. Further drilling blogs in the eastern Mediterranean will contribute to energy security in southern Europe. The new round was announced by the Cypriot government on 13 February, with 12 offshore blocks available. The blocks being offered are located off the southern coast, where US explorer Noble Energy discovered a 5-8tcf field in December near the Israeli border. There are high hopes among explorers that the new blocks available will be equally productive.