Noble Energy apparently discovered a vast natural gas reserve in Plot 12, which exceeds the demands of both Greek Cyprus and Israel combined press reports said. Noble has been drilling to find natural gas deposits in the 12th block called “Aphrodite” in the eastern Mediterranean, which Cyprus has unilaterally declared an Exclusive Economic Zone (EEZ).
Officials said that it found at least 991 billion cubic meters of natural gas reserves, which exceeds domestic needs of both countries and there will be plenty to export to other countries.
Greek Cypriot President Demetris Christofias sent a message to the event expressing his appreciation to Noble for discovering gas fields in Cyprus’ EEZ. The gas find has “enormous political and geo-strategic importance both for European Union energy security and the promotion of peace and security in the Eastern Mediterranean,” he said.
Greek Cyprus has also initiated a licensing tender for the remaining 12 blocks in the EEZ on February 14. The deadline to bid for the tender is May 11.
Posts
