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Agreement for the conduct of geophysical surveys onshore and near-shore Cyprus
25/09/2015




The Ministry of Energy, Commerce, Industry and Tourism, following a decision by the Council of Ministers on the 16th of September 2015, announces that a non-exclusive agreement was signed on Friday, 25th of September, between the Republic of Cyprus and US company NEOS GeoSolutions Inc. for the conduct of geophysical surveys onshore and near-shore Cyprus.

These studies are expected to contribute towards the assessment of the hydrocarbons prospectivity onshore and near-shore the Republic of Cyprus. The agreement was signed by the Minister of Energy Mr. Yiorgos Lakkotrypis and the President and Chief Executive Officer of the company Mr. Jim Hollis.




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