Noble Energy Discovers Gas Offshore Cyprus

January 10, 2012 by  

HOUSTON, Noble Energy, Inc. (NYSE: NBL) recently announced a natural gas discovery at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals.

The discovery well was drilled to a depth of 19,225 feet in water depth of about 5,540 feet. Results from drilling, formation logs and initial evaluation work indicate an estimated gross resource range(1) of 5 to 8 trillion cubic feet (Tcf), with a gross mean of 7 Tcf. The Cyprus Block 12 field covers approximately 40 square miles and will require additional appraisal drilling prior to development.

Charles D. Davidson, Noble Energy’s Chairman and CEO, said, “We are excited to announce the discovery of significant natural gas resources inCyprus on Block 12. This is the fifth consecutive natural gas field discovery for Noble Energy and our partners in the greater Levant basin, with total gross mean resources for the five discoveries currently estimated to be over 33 Tcf. This latest discovery in Cyprus further highlights the quality and significance of this world-class basin.”

Noble Energy operates the well with a 70 percent working interest. Delek Drilling and Avner Oil Exploration will each have 15 percent, subject to final approval by the Government of Cyprus.

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Comments

One Response to “Noble Energy Discovers Gas Offshore Cyprus”

  1. Diann McPherson on January 11th, 2012 5:03 am

    Israel I am so excited about all news about energy that you send through email that are sent to me. God has a plan for Israel and it is unfolding before my eyes. If other countries who are against Israel could understand your God, their whole attitude would change and their would be harmony. So Israel fight, fight fight. God is for you. That is all you need. Drill Baby Drill

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