Licensing & Regulatory Framework
Cyprus awards offshore exploration licenses through competitive bidding rounds under Production Sharing Contracts (PSC). This section covers the licensing process, fiscal terms, and regulatory bodies overseeing hydrocarbon activities.
Licensing Framework
How Cyprus exploration licenses work — from application to production. Understand the phases, commitments, and regulatory requirements.
Licensing Rounds History
Complete history of four licensing rounds from 2007-2019. See which blocks were awarded and to whom.
PSC Fiscal Terms
Production Sharing Contract terms — royalties, cost recovery, profit split, and tax regime explained.
Open Blocks
View the 3 blocks currently available for future licensing rounds.
Regulatory Bodies
Primary government authority responsible for energy policy, licensing rounds, and oversight of hydrocarbon activities in Cyprus.
State-owned company managing Cyprus government commercial interests in hydrocarbons. Monitors licensed activities and participates in development decisions.
Independent authority regulating energy markets, including natural gas transmission, distribution, and supply licensing.
Department of Environment
DEPResponsible for environmental impact assessments and permits for offshore exploration and production activities.
Licensing Rounds Timeline
First Licensing Round
The first licensing round launched Cyprus offshore exploration. Block 12 was awarded to Noble Energy (now Chevron), leading to the Aphrodite discovery in 2011.