ExxonMobil Schedules Drilling Activity Offshore Cyprus in 2025

Exxon Mobil Corporation (XOM) , the U.S. oil and gas giant, is scheduled to drill a well targeting natural gas finds offshore Cyprus in January 2025. Since the Russian invasion of Ukraine in 2022, many major energy companies have been trying to explore new energy reserves in the Mediterranean region in an attempt to diversify from Russia.Many oil-producing companies have been eyeing the East Mediterranean region, where many natural gas discoveries have been made in recent years. Following the invasion of Uk ...