|
|
|
Cyprus News Agency: News in English, 13-05-08
CONTENTS
[01] Noble Energy: Appraisal well in Cyprus` block 12 first half of June
[01] Noble Energy: Appraisal well in Cyprus` block 12 first half of June
Noble Energy will drill an appraisal well in block 12 of Cyprus' exclusive
economic zone after the first half of June, with the process lasting up
to three months, J. Keith Elliott, Noble Energy's Vice President for the
Eastern Mediterranean region said. He noted that another well might be
necessary to establish a clear picture about the size of the resource.
During an interview, on the sidelines of the 2013 Offshore Technology
Conference, in Houston, Texas, Elliot said he was satisfied with the
working relationship established with the Cyprus government, adding
that he did not believe things were progressing too slowly. Elliott
has recently (last April) assumed his new duties, following an overhaul
in Noble's organisational structure, that added three major operating
regions, including the Eastern Mediterranean.
Elliott said that as soon as the exploration well in Israel's "Karish"
field is finished, Noble will move the rig directly to Cyprus' block 12
for the appraisal well. He added that the well in Israel is expected to
finish in the first half of June, while drilling in block 12 will take
up to three months. He noted that a lot depends on that operation, since
"the purpose of the appraisal well is to try to narrow that bandwidth
of uncertainty" with regards to the reservoir models and interpretations.
Elliott did not exclude another appraisal drilling in block 12, saying
that "for a resource of this size and scale, two would be a very
optimistic number". He cited the example of Israel's "Tamar" field,
where Noble drilled two appraisal wells. "I wouldn't want to leave
anyone with the impression that this would be the last well", he said,
adding that if the company is able to build confidence in the resource
base and size, this will result in fewer wells. Noble's Vice President
for the Eastern Mediterranean compared the company's job to evaluate the
resource through seismic data and drills, almost as "looking through an
opaque screen". "Our objective is to understand the resource," he said,
noting that this may take more wells. Cooperation with the government
"fantastic".
|
