& &

7 2011
1


( - ( /))

1.

2. - (....,
VERHEUGEN, . OFFSHORE, )
3. (PENSION FUND
)

3
Source: IHS Report

: 63.000 km
: 161 (

74 & -

15

.
, 15%
.
, ,
.
(>4.000 .) -
.
4
( 500 ), ,
.

 - (Prospection)

(non
(non exclusive seismic
surveys)
surveys
2, . 5..


&
,

.


.

2, . 6.. ,


18 (12) .
4.000 (750)

20.000 (1.500)
.

: 50.000 Km2

 - &

(Exploration & Production)

Drill here!

/
,

/ (, ,
, )

- /,
(open
(open door)
2, . 17


:..
) (open door)





,

&
(
94/22/)
5, . 1
,
7 (6) 8 (7)
..
5, . 13.

, ,

,

,

 -
Royalties: :
(Concession)
(Production Sharing Agreement-PSA),
:

, &

(R-Factor)
A (1997) royalties 2%-15%
R 0,5- ( )

(surface fees)

2 .19

,
(signature bonus)
- 2 10

,

(production bonus) 2 10

-
(Regional Tax)

8, . 1
(20%) (40%)

(5%),
,
.
8 .5..
, ,
,

,

 - &

,
, &

12 . 5.
,


(



)

12 6
,
, ,
(20%)

.
,



.

Cyprus Hydrocarbon Activities Timeline

May 2006

Oct 2008

Framework Agreement Concerning the

Development of Cross Median Line
Hydrocarbon Recourses & Confidentiality
Agreement with Egypt
Mar 2003

Nov 2007
Jan 2007

Ratification by Law of
the Delimitation of the
EEZ with Egypt

Delimitation fo the EEZ

with Lebanon
Apr 2004

Feb 2003
Delimitation of the
EEz with Egypt

PSC with Noble

Energy

Declaration of
the EEZ Law

Oct 2005
Contract with
Beicip - Franlab

Jan 2007
Ratification of the
Hydrocarbons Law
Regulations

MC2D CYP2006
MC3D-CYP2007
Seismic Survey
Jan 2007 Mar 2007
Mar 2006 May 2006
1st Licensing Round
Feb 2007 Aug 2007

Ratification by Law of the

Delimitation of the EEZ
with Lebanon
Nov 2008
Strategic
Environmental
Assessment

MC2D-CYP2008
August 08 March 09


(1)

1/

22.08.2011 . 4001
22.
4001//2011
( )
) &
(
(..2289
2289//1995
1995))
..
,
::

. Non
Non--exclusive seismic surveys ( )
. Open Door ( )

2/

02.09.2011
02.

3/

26.09
26.
09..2011 10

( ) - Hellenic Hydrocarbon Resources Management
Management

4/

26.09
26.
09..2011 10

(7) ....

5/

06.10
06.
10..2011
pen Door ( , , )

6/

26..10
26
10..2011 Forum


(2)
7/

03.11.2011
03.

open door ( http
http:://www
//www..ypeka
ypeka..gr/Default
gr/Default..aspx?tabid=
aspx?tabid=765
765&language=en
&language=en--US )

8/

04.11
04.
11..2011 ..

9/

04.11
04.
11..2011 (IFP)
( )

10//
10

08.11
08.
11..2011 ( 2-3 )
(Shale Gas)

11//
11

( )

12//
12

30.11
30.
11..2011
..

..

13/

30..11
30
11..2011 2 Forum

14//
14

30.11
30.
11..2011
( ..)

1.

,
, ,
.

(90)

2.

, . ,
,
.

(90) .

13

3

()

3. (open door)


,
.



.

.
,
.

14




156 .4001/2011

/
, ,


, .2321/1995
.
.
,
, ( )
200 . .

,
( ) ,
( )

17

18

 /-/
.3587/2007 ( 20)

120 .
25
200 .$
1 $
1,5 $
7,5 $
3 $
300 &

20


. 2289/95




200 MMbbls
MMbbls..

(1 ) (Triton
(Triton))
2001 .

23





(> 4.000 .)

( )
(2002, 1 )
50 - 80
bbls.
,
. ( ~ 20 - 30% )


(c. 3 MMbbls )
) 1982
,
( 250 m, H2S CO2 )


(
)
)

27


..

16
. 2009
. 393.6 .
136.0 .
1/3
.
48%
, 64% , 78% ,
100% ,
, .
10
.


23.000
100.000
.
20
, ,
, ,
,

, , .

, 77%
.

(Ni),
(~ 86%
).
,

(~ 65% ).
:

(~ 35% ), (~
75% )

8%
.

.

 ,
, , ,
, ,
,
28 . .
.


. .

.
.


-


:
1.500
(1,5 ).
15 20
& .

(, , ,
)

 6
..