Oil and Gas has been the world’s major commercial energy source for many decades and the consensus view is that it will maintain this leading role well into the 21st century.
It is widely known that the oil and gas industry is one of the greatest and important industries in the world since it covers a wide range of aspects such as geopolitical, economic, technological, scientific and legal issues. This is the reason producers, consumers, governments, the large oil companies, the financial institutions and any other party has a significant role to play in the general welfare, the effectiveness, the growth and the general evolution of the industry. Market order and stability is a shared responsibility for all parties.
Moreover for Cyprus, the industrial development regarding this sector was not a priority during the last decades. The perspective of energy dependency is a result of the recent natural gas discovery in Cyprus where it generates ambitious targets for further industrial development.
Currently the main objective for Cyprus government is the development and the formation of a supportable model that could help the local authorities to proceed with the respective exploration of these sources which will lead the economy to a sustainable level. It is said that the ideal model which will fulfill the goals and improve the wealth of Cyprus is the model presented in Norway, a leading force in the world petroleum industry.
ConnectedSky can assist and advise you on the legal, corporate and tax framework as well as on commercial issues and specific in-depth analysis of projects in the oil and gas industry.