The Deloitte Guide to Oil & Gas in Cyprus
Where potential lies
Oil and gas exploration in Cyprus is in its infancy. At the same time, there is substantial exploration and evaluation activity by three operators as well as the potential for further exploration by the licensees of the 3rd licensing round which is expected to be completed in the first quarter of 2017.
The recent discovery ofsignificant hydrocarbons within the region has attracted a lot of attention internationally and has created locally a lot of optimism about the future.
Deloitte's Oil & Gas practice has expert presence in every continent and each major Oil & Gas center around the globe. Our global network is consist of 3,600+ experienced professionals that combine a dedicated group with subject matter specialists in the various oil & gas sectors.
In Cyprus, Deloitte provides a complete range of advisory and compliance services which are needed by any international oil & gas industry participant planning activities in Cyprus. Our services span the fields of audit assurance, financial advisory, consulting, corporate and personal taxation, VAT and human capital services, which equip our clients with the prerequisites to succeed.
We were involved in the oil & gas industry from the very beginning. We are a professional services firm with actual, on the ground experience in all facets of the oil & gas industry in Cyprus for the past five years serving the major industry participants and suppliers.