Georgios Lakkotrypis said that senior Delek officials on Monday held talks with Cypriot President Nicos Anastasiades.
Delek and subsidiary Avner Oil exploration hold a 30% stake in a gas field off Cyprus' southern coast that's estimated to contain 5-8 trillion cubic feet of gas. Texas-based Noble Energy holds the other 70%.
Gideon Tadmor, Delek Drilling chairman, said he was hopeful of "a long-lasting cooperation between our company, the State of Israel and Cyprus."
Cyprus has licensed other oil and gas companies including Italy's ENI, France's Total and South Korea's Kogas.