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Cyprus News Agency: News in English, 11-09-19
CONTENTS
[01] NOBLE ENERGY - DRILLING - EEZ
[01] NOBLE ENERGY - DRILLING - EEZ
American company Noble Energy began last night drilling in block 12 in
Cyprus Exclusive Economic Zone (EEZ), to explore and exploit the
countrys sub-sea natural resources, Director of Energy Service at the
Ministry of Commerce Solon Kassinis confirmed to CNA today.
Kassinis said that drilling takes place on a 24-hour basis and so far
things are proceeding well.
Cyprus has signed an agreement to delineate the Exclusive Economic Zone
with Egypt and Israel with a view to exploit any possible natural gas
and oil reserves in its EEZ. A similar agreement was signed with
Lebanon but the Lebanese Parliament has not yet ratified it.
Turkey, which occupies Cyprus northern part since it invaded in 1974,
has threatened it would deploy warships in the Eastern Mediterranean,
if drilling takes places prior to a political settlement in Cyprus.
Houston-based company Noble Energy has a drilling rig off Cyprus`
southern coast. The company has a concession to explore for
hydrocarbons in an offshore field in Cyprus` EEZ, south of Cyprus,
known as Block 12.
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