The reality is that Cyprus cannot sell natural gas from the Aphrodite field because, after years of negotiations with Israel, a unitisation
agreement, a pre-requisite for commercial exploitation, has still not been signed.
The Inter-Government Cooperation Agreement (ICA) provides for development of the Tortue/Ahmeyim gas field through cross-border unitisation
, with a 50%-50% initial split of resources and revenues and a mechanism for future equity redeterminations based on actual production and other technical data.
Equally important is the fact that Israel has gained from the fact that Cyprus' was eager to have the pipeline to Greece through its exclusive economic zone (EEZ) and to enjoy a unitisation
agreement with the island state.
9 November 2017 - Texas, US-based Saas and data analytics company Drillinginfo has acquired Oklahoma-based oil and gas industry information provider Oil-Law Records to expand data analytics solutions around well spacing, unitisation
and historical well records in Oklahoma and New Mexico, US, the company said.
The results revealed that people using the action and consequence technique, or unitisation
, achieved 78 percent after being trained in the memory game and playing it following an hour's break.
It is also added that the two sides discussed the unitisation
issue regarding the "Aphrodite" and "Yishai" gas fields, and concluded that by September 2016 the two Energy Ministers will seek to finalise these discussions.
The facility, covering 90,000 square-feet and constructed on 11 acres, includes administrative offices, 365/24/7 worldwide service dispatch, 20 independent service and pump unitisation
bays with over 100 tons of lifting capacity, eight dedicated fabrication bays, four independent indoor blast and coating booths, warehousing and USD10MM in parts and equipment.
process attempts to give preference to the geological and engineering dynamics of extracting oil and gas most efficiently from a reservoir, regardless of manmade parameters of oil concession blocks.
Foreign minister of Cyprus, Erato Kozakou Marcoullis, said the prospect of cooperation between the two countries in the energy sector is enormous, Cyprus Mail reported, adding that Cyprus and Egypt will start working on an unitisation
agreement, to allow both states to operate jointly in exploration and development of hydrocarbon reservoirs.
These include: addressing issues around infrastructure, government capacity, financing and reaching a positive outcome to unitisation
negotiations in Mozambique.
CIFs are popular among clients with more sophisticated investment structures, but with very individual unitisation
and accounting requirements,' said Penelope Biggs, head of the Institutional Investor Group for Europe, Middle East and Africa.
Vynaband is an aid for efficient unitisation
of pallets for added safety when they are being moved or temporarily stored on site.