US energy giant ExxonMobil, in a collaborative effort with Qatar Petroleum, is preparing to launch exploratory drills at Block 10 in Cyprus’s Exclusive Economic Zone (EEZ) amid heightened military activity in the region.
Hydrocarbon experts have increased the likelihood of Block 10, southwest of Cyprus, carrying significant reserves.
An ExxonMobil drillship, Stena Icemax, capable of drilling in water depth up to 3,000 meters, embarked on its cross-Atlantic journey on October 29 and is reportedly scheduled to arrive at Limassol port on November 12, where personnel for the drilling venture will board the vessel before it heads out to Block 10 to commence work.
A Navtex international automated warning system, whose applications include global maritime distress safety, has been programmed by Cyprus to monitor parts of the island nation’s EEZ areas concerning the upcoming drills.
Turkey has heightened its mobilization in the wider region, suggesting it will bargain hard to promote its hydrocarbon interests in the wider Middle East region.
Less than a fortnight ago, Turkish naval forces accompanied the neighboring country’s Barbaros survey vessel within Cypriot EEZ territory and, in addition, have also joined the Turkish drillship Porthitis (Fatih) for deep-sea drilling operations north of Cyprus, reported to have begun.
The upcoming exploration work and possible hydrocarbon production in the Cypriot EEZ could change the Cypriot balance. The Turkish occupation of the island’s north has prevented Cyprus from utilizing its natural wealth since the Turkish invasion of the island in 1974.