• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 45 mins One Last Warning For The U.S. Shale Patch
  • 16 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 1 min Poll: Will Renewables Save the World?
  • 1 hour China's Expansion: Italy Leads Europe Into China’s Embrace
  • 13 hours Chile Tests Floating Solar Farm
  • 5 hours China's E-Buses Killing Diesel Demand
  • 24 hours New Rebate For EVs in Canada
  • 15 hours Trump Tariffs On China Working
  • 6 hours Trump sells out his base to please Wallstreet and Oil industry
  • 1 day The Political Debacle: Brexit delayed
  • 15 hours Biomass, Ethanol No Longer Green
  • 2 days Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 1 day Boeing Faces Safety Questions After Second 737 Crash In Five Months
A Paradigm Shift In The Permian

A Paradigm Shift In The Permian

As Wall Street sours on…

Oil Prices Shoot Up On Large Inventory Draw

Oil Prices Shoot Up On Large Inventory Draw

Oil prices rose on Wednesday…

Turkey’s Navy Threatens To Sink Eni Drilling Ship Offshore Cyprus

offshore rig

Turkish Navy vessels threatened on Friday to sink a drilling ship that oil major Eni has hired to explore for oil and gas offshore Cyprus—a divided island whose northern part is run by Turkish Cypriots and is recognized only by Turkey.

According to local media reports, four or five ships of the Turkish Navy tried to prevent Saipem’s 12000 drilling vessel from performing exploration in the Exclusive Economic Zone (EEZ) of Cyprus.

Turkey, which recognizes the northern Turkish Cypriot government and doesn’t have diplomatic relations with the internationally recognized government of Cyprus, claims that part of the Cyprus offshore area is under the jurisdiction of Turkish Cypriots or Turkey.

After the Turkish Navy threatened to sink the drilling ship, the Saipem vessel maneuvered out of the area and set sail for Morocco, Greek newspaper Ekathimerini reports.

The straining of the relations in this part of the Mediterranean started a few weeks ago, after the Turkish Navy blocked the Saipem vessel hired by Eni.

Just days before that, Eni said that together with France’s Total, it had made a promising gas discovery offshore Cyprus, confirming that the Zohr-like play—where Eni found the biggest gas deposit in the Mediterranean offshore Egypt—extends into the Cyprus Exclusive Economic Zone.

Eni’s chief executive Claudio Descalzi said last week that the row is a diplomatic one and out of the company’s control.

On the sidelines of an event yesterday, Descalzi said that Eni would probably move the blocked drilling ship, but would not pull out of its project in Cyprus.

Related: Oil Prices Rise After EIA Reports Crude Draw

The President of the internationally recognized Republic of Cyprus, Nicos Anastasiades, said in a statement earlier this week that his country’s “goal is to fully explore Cyprus’s hydrocarbon potential, in the best terms possible, so as to maximize the benefits for all the people of Cyprus.”

Dismissing Turkish Cypriot and Turkey’s statements as “unjustified and unfounded”, Anastasiades said that “Finally, once more, I wish to publicly call on Turkey and the Turkish Cypriot community to immediately respond to my call to return to the negotiating table, provided that this is preceded by the termination of the violation of the sovereign rights of the Republic of Cyprus in its exclusive economic zone.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • George on February 23 2018 said:
    Within the next two weeks - March 8th at the latest Exxon Mobil will be sending two survey ships to the area; if these are prevented from going to the site, you can expect the US to come down heavy on Turkey.

    At bare minimum any Turkish interference will result in US warships providing a military escort to Exxon which will stop the Turkish vessels meddling.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News