Published 29 December 2011
US-based oil and gas firm Noble Energy has made a natural gas discovery at the Block 12, offshore the Republic of Cyprus.
The company encountered about 310ft of net natural gas pay in the Cyprus A-1 well in multiple high-quality Miocene sand intervals.
Noble Energy said results from drilling, formation logs and initial evaluation work show an estimated gross resource range of five to eight trillion cubic feet (tcf), with a gross mean of 7tcf.
The company drilled the discovery well to a depth of 19,225ft in water depth of approximately 5,540ft.
The well is operated by Noble Energy with a 70% working interest, while Delek Drilling and Avner Oil Exploration will each have 15% stake, subject to final approval by the Cyprus government.
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