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