Monday, January 30, 2012

Cyprus Gas: a great discovery and significant asset.

NOBLE Energy Vice-President John Tomich said that drilling for Cyprus gas would continue on Block 12 later this year. Tomich spoke yesterday at ‘The Energy Resources of Cyprus and the New Ground in the Eastern Mediterranean’ conference in Nicosia, organised by the Institute of Energy of SE Europe and the FMW media group.

John Tomich said at the conference attended by delegates of oil multinationals, government officials and energy experts, that the third quarter of the year was the likely time to resume drilling.

“We are currently actively looking for a rig to drill a second well there,” Tomich added, which may offer a more accurate assessment of total capacity of the reserves.  Appraisal work could take a year to complete. Read more about Cyprus Gas

Meridian Trust

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