The commercial exploitation of off-shore natural gas reserves inherently entails a number of technical, logistical, maritime and environmental challenges. To this effect it is of paramount importance to grant the exploration licenses to truly market leading oil and gas companies that possess the necessary technical expertise, resources and know-how to maximise the possibility of success.
There are 13 exploration blocks within the off-shore EEZ of Cyprus that extend to the south of the island. At this stage, and following the completion of the third licensing round, the exploration licenses of 8 of the blocks were allocated to the following companies:
- Exxon Mobil
- The largest publicly traded international oil and gas company
- Market Capitalisation – $355 billion as of January 2017
- Total S.A
- Fourth largest, publicly traded, integrated, international oil and gas company in the world
- Market capitalisation - €116 billion as of January 2017
- ENI
- Made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt, boarder with the Cypriot EEZ
- Market capitalisation - €56 billion as of January 2017
- KoGas
- World largest LNG importer
- Qatar Petroleum
- Qatar Petroleum (QP) is a state owned petroleum company in Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport and storage
- Noble Energy
- S&P 500 company with a string of successful exploration wells in Eastern Mediterranean including Leviathan which constitutes one of the largest off-shore gas field discoveries of the past decade
- Delek
- Israel’s dominant integrated energy company, one of the largest corporations on TASE
Stone Eagle Capital Partners anticipates that under a medium-term investment horizon the real estate market is expected to be one of the top gainers from the oil and gas new emerging frontier, because it is a market that is traditionally driven by liquidity, psychology and forward market expectations.
