ExxonMobil drilling plans discussed at presidential palace

Plans for further natural gas drilling in Cyprus’ gas-bearing blocks 5 and 10, as well as the prospect of expanding cooperation with US energy giant ExxonMobil, were discussed at the Presidential Palace on Friday.

President Nikos Christodoulides met with ExxonMobil vice president John Ardill, during which the president said gas reserves in the Glaucus and Pegasus deposits of block 10 could amount to between 6 and 9 trillion cubic feet.

The president commended the government’s cooperation with ExxonMobil...