Israeli firms Delek Drilling and Anver Oil and Gas Exploration signed an agreement Monday to acquire a 30 percent stake in exploration rights for gas and oil off the southern shore of Cyprus.
The drilling is to be carried out by U.S.-based Noble Energy. Both Delek and Anver own majority rights in Israel’s own mammoth gas discoveries, the Leviathan and Tamar fields off Israel’s northern coast.
Cypriot Commerce Minister Neoclis Sylikiotis acknowledged in making the announcement that the deal provided a “new era of Cyprus-Israeli strategic cooperation which includes economic and political dimensions,” AFP reported.