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ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus
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FILE - People walk at a dock with a drilling platform in the background, in the southern coastal city of Limassol, Cyprus, on March 10, 2019. - photo by AP Photo/Petros Karadjias, File
NICOSIA, Cyprus (AP) — ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off Cyprus' southern coast, the Cypriot energy minister said Friday. Minister George Papanastasiou said ExxonMobil is in talks with the Eni-Total consortium on working together to bring their discoveries to market. He said that potential collaboration could get a significant boost if an exploratory well that ExxonMobil plans to drill early next year strikes more of the hydrocarbon.