Cyprus-Forum.com

[georgios100]

CY Gas resources... the next blunder perhaps?

Maybe a roof will fall on your head before you get to find out.

Or your head for this matter... but we are not talking about you or me.
Nobody cares about you or me muchacho!

Sounds like our leadership will prevail... the money from the gas reserves will come rolling in... we are rich!
Why? Because we are Cypriots. Greek Cypriots! That's how we grow up... convinced we are the smartest people
on this Earth. Hell, when I was a teenager, I was walking along the Kennedy ave (Famagusta) making fun of the
foreigners, vacationing there. I though they were stupid or at least less smart than me. And it wasn't just me...
all my buddies behaved like that. I bet you felt the same... did you?

Later, when I traveled abroad, I realized I was wrong.
We are not the smartest out there, by a long shot!
That's why the AOZ situation might be the next blunder...

Your thread had no foundation on which to form a discussion so I was left free to speculate on your speculation.

And not to mention that the Gas/Oil projects will be outsourced to foreign companies so there won’t be much manual involvement by Cypriots anyway, if it makes you feel better...

A million things can go wrong mainly due to our "brilliant" politicians (hence the previous blunders...)
When I fabricate a new product, the first thing that comes to mind is... what can go wrong!
What is the worst scenario. And trust me... things will go wrong in the gas exploration.

[georgios100]

CY Gas resources... the next blunder perhaps?

Maybe a roof will fall on your head before you get to find out.

Or your head for this matter... but we are not talking about you or me.
Nobody cares about you or me muchacho!

Sounds like our leadership will prevail... the money from the gas reserves will come rolling in... we are rich!
Why? Because we are Cypriots. Greek Cypriots! That's how we grow up... convinced we are the smartest people
on this Earth. Hell, when I was a teenager, I was walking along the Kennedy ave (Famagusta) making fun of the
foreigners, vacationing there. I though they were stupid or at least less smart than me. And it wasn't just me...
all my buddies behaved like that. I bet you felt the same... did you?

Later, when I traveled abroad, I realized I was wrong.
We are not the smartest out there, by a long shot!
That's why the AOZ situation might be the next blunder...

Your thread had no foundation on which to form a discussion so I was left free to speculate on your speculation.

And not to mention that the Gas/Oil projects will be outsourced to foreign companies so there won’t be much manual involvement by Cypriots anyway, if it makes you feel better...

That doesn't make me feel better.

The Gas is the best thing going for Cyprus at the moment and it is a very potent political card which needs to be played very intelligently and be put to good use.

Also, it would be helpful if the RoC takes a leaf out of the UAE's book. Whatever money we get from it must be invested into projects which will generate income for the people once the resource runs out.

The UAE or Qatar is the right book to copy. We need foreign expertise in both exploration and fund management.
What the f**k does Kasimis know about gas/oil exploration? Seriously!
The CY politicians see $$$ signs for themselves first and probably crumbs for the people. Who can trust them? I know I don't.

[Paphitis]

Politicians won't have any control over any technical or engineering aspects of the project.

Private firms like Noble Energy and their contractors from all parts of the world will be running the show. If something happens, little responsibility will be attributable to the RoC.

[georgios100]

Politicians won't have any control over any technical or engineering aspects of the project.

Private firms like Noble Energy and their contractors from all parts of the world will be running the show. If something happens, little responsibility will be attributable to the RoC.

Noble Energy, Total and others can surely handle the technical aspects. I don't worry about that.
But there are political decisions to be made for a wide range of issues. Export pipelines, agreements with other countries
like Israel, Lebanon, Egypt etc. Disbursement of wealth, budgeting of CY projects and long term sustainability of CY economy.
All these and some are critical decisions. Is there a by-partisan comitee to oversee all that, regardless who wins the next elections?

[Get Real!]

Politicians won't have any control over any technical or engineering aspects of the project.

Private firms like Noble Energy and their contractors from all parts of the world will be running the show. If something happens, little responsibility will be attributable to the RoC.

Noble Energy, Total and others can surely handle the technical aspects. I don't worry about that.
But there are political decisions to be made for a wide range of issues. Export pipelines, agreements with other countries
like Israel, Lebanon, Egypt etc. Disbursement of wealth, budgeting of CY projects and long term sustainability of CY economy.
All these and some are critical decisions. Is there a by-partisan comitee to oversee all that, regardless who wins the next elections?

One day at a time sweet Jesus… la la la la la la la

[DT.]

The UAE or Qatar is the right book to copy. We need foreign expertise in both exploration and fund management.
What the f**k does Kasimis know about gas/oil exploration? Seriously!
The CY politicians see $$$ signs for themselves first and probably crumbs for the people. Who can trust them? I know I don't.

http://cemea.economistconferences.com/c ... n-kassinis

Ministry of Commerce, Industry and Tourism, Cyprus

Solon has been closely associated with the oil and gas industry for more than 30 years both as a chemical engineer and as a freelance consultant. He holds a BSc in Chemical Engineering from the University of Surrey, a BSc in Business Studies from the University of London and a diploma in Marketing. Following a successful career abroad, where he worked both as a chemical engineer and a petroleum engineer at Sasol and Royal Dutch Shell and as a consultant on energy issues at the World Bank and other organizations and governments, he returned to Cyprus where he joined the Cyprus Petroleum Refinery and then the Geological Survey Department, before attaining his current position. Solon is also a Member of the Board of Directors of the Cyprus Oil Terminal Ltd.

[Demonax]

CY politicians have been making mistake after mistake, staring from the 1974 invasion "invitation" to a huge "banking system", the Mari explosion and finally the "haircut" of people's money savings.

Is it wise to assume another f***up is bound to happen while "handling" our natural gas deposits?
I mean... who in his right mind can assure us 100% that things will go smoothly so we can get out of this hole we are in?

One step at a time! We don't even know how much gas is there or if there is oil as well. Once the reserves are established and there is a feasible way to extract the reserves and bring them to market, then we should be able to make sure that future generations benefit.

The Norway model has been discussed as has the Alaska model. But let's see how much is there first!