Noble Energy finds 5-8 tcf of gas offshore Cyprus

The government of Cyprus said Noble Energy Inc. made a natural gas discovery offshore Cyprus on Block 12 with the Cyprus A-1 well, which encountered 310 ft of net gas pay.

Initial data emerging from exploratory drilling and evaluation checks indicate the existence of a gas reservoir of 5-8 tcf with a gross mean of 7 tcf, according to Cyprus President Demetris Christofias.

“This latest discovery in Cyprus further highlights the quality and significance of this world-class basin,” said Noble Energy Chairman and Chief Executive Officer Charles D. Davidson.

Noble said additional appraisal drilling will be required prior to the development of Cyprus Block 12, which lies 40 km north of Israel's Leviathan field—itself thought to hold an estimated 16-17 tcf of gas.

Christofides dismissed media reports of Turkish provocations in waters close to Noble’s drilling platform, including one report claiming that Turkish military vessels had opened fire on it.

Defense Minister Demetris Eliades also said there was no unusual activity in the area.

Turkey does not recognize Cyprus as a sovereign state and opposes any Greek Cypriot energy search on grounds that it undermines the rights of Turkish Cypriots to any oil and gas wealth.

Earlier this year, Ankara even sent its own research vessels with a military escort to the region, and still says it will carry out exploration of its own off the island’s southern coast unless Cyprus backs down.

Cyprus has been divided since 1974, when Turkish troops invaded and seized the island's northern third following an Athens-engineered coup seeking to unite Cyprus with Greece.

Christofias said the “utilization of natural gas could constitute an incentive for reaching a solution to the Cyprus problem, a solution that would terminate the illegal occupation, reunify the country…and restore the human rights and the basic freedoms of our people, Greek Cypriots and Turkish Cypriots alike.”

Earlier this week, Cyprus’s Foreign Minister Erato Kozakou-Marcoullis met with Sec. of State Hillary Clinton to discuss the find and its implications for regional security.

In September, Washington announced its support for the exploratory drilling offshore Cyprus despite objections from Turkey, a main US ally.

“The United States supports Cyprus' right to explore for energy. Having a US company involved in developing the energy resources of Cyprus is also positive," said State Department Deputy Spokesperson Mark Toner.

Noble Energy operates the Cyprus A-1 well with a 70% working interest. Delek Drilling and Avner Oil Exploration will each have 15%, subject to final approval by the Cyprus government.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Frac ban exemption made in Broomfield

12/12/2014 A Colorado District Court judge has ruled that a hydraulic fracturing ban in Broomfield, Colo., does not apply to an operator that entered into an ...

COGA calls frac fluid study "sound science"

12/12/2014 Chemicals used in fracturing fluid appear to be no more toxic than chemicals commonly found in homes, said an analysis by University of Colorado Bo...

Study links methane contamination in water wells to poor well construction-not fracing-in Marcellus

12/12/2014 A new study found that fugitive gas contamination at eight clusters of water wells in the Marcellus and Barnett shale regions might be linked to we...

WoodMac: US unconventional enters new stage

12/12/2014 The unconventional oil and gas revolution is entering into a new stage with drilling and completion techniques pioneered in unconventional plays no...

Santos makes gas discovery in Cooper basin

12/12/2014

Santos Ltd. has made a wet natural gas discovery in its South Australian Cooper basin permit PEL 513.

Senex moves to commercialize Cooper basin gas field

12/11/2014 Senex Energy Ltd., Brisbane, has successfully tested a sidetrack of the 2007 Vanessa-1 gas discovery in South Australia’s Cooper basin as part of i...

Crown Point reports on two Argentine exploration wells

12/11/2014 Crown Point Energy Inc., Calgary, has released test results for the first of two exploration wells at its Tierra del Fuego concessions in Argentina.

Stone drills successful Utica exploration well

12/10/2014 Stone Energy Corp., Lafayette, La., reported that its Pribble 6HU well in Wetzel County, W.Va., flowed from a 3,605-ft lateral at 30 MMcfd during t...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

When Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST



On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected